During 2012, St. Bernard, Corp., earned income from continuing operations of $139,000. The company also sold a
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During 2012, St. Bernard, Corp., earned income from continuing operations of $139,000. The company also sold a segment of the business (discontinued operations) at a loss of $37,000 and had an extraordinary gain of $11,000. At year-end, St. Bernard had an unrealized loss on investments of $5,000.
Requirements
1. Compute St. Bernard’s net income and comprehensive income for 2012. All amounts are net of income taxes.
2. What final EPS figure should St. Bernard report for 2012? What is the correct title of this calculation? What is the amount of this calculation? St. Bernard had 30,000 shares of common stock (and no preferred stock) outstanding.
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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