Green Day Corporation had income from continuing operations of $12,600,000 in 2004. During 2004, it disposed of

Question:

Green Day Corporation had income from continuing operations of $12,600,000 in 2004. During 2004, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2004. Green Day had 10,000,000 shares of common stock outstanding during 2004. Prepare a partial income statement for Green Day beginning with income from continuing operations.

Common Stock
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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...