This excerpt was taken from an income statement for McDonald's (dollars in millions): INSTRUCTIONS: a. Why is
Question:
This excerpt was taken from an income statement for McDonald's (dollars in millions):
INSTRUCTIONS:
a. Why is there a distinction between net earnings from continuing operations and net earnings from discontinued operations?
b. Estimate the number of common shares outstanding.
Transcribed Image Text:
Income from continuing operations Income from discontinued operations net of taxes Net income $2,873.0 671.2 $3,544.2 Basic net earnings per share: Continuing operations Discontinued operations $ 2.33 0.54 2.87
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a Because Net earnings from continuing operations i...View the full answer
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