At January 1, 2013. Foxmore Company had 80,000 shares of common stock outstanding and no preferred stock. During the year they issued 40,000 additional shares of common stock. At December 31, 2013. Foxmore had 120,000 shares of common stock outstanding and no preferred stock. In addition, Foxmore reported the following results for the year 2013:

Please prepare earnings per share information in the following format. (Round all amounts to nearest cent.)

Transcribed Image Text:

Sales revenues from regular business operations Cost of goods sold Operating expenses from their regular business operations Gain on disposal of several items of property, plant & equipment Income tax expense on continuing operations Loss on the termination of a discontinued business segment, net of tax Losses on damage caused by earthquake, net of tax $3,000,000 900,000 600,000 15,000 330,000 120,000 280,000 Earnings per share Income (loss) from continuing operations Income (loss) from discontinued operations Income (loss) before extraordinary items Extraordinary loss Net income (loss) Sales revenues from regular business operations Cost of goods sold Operating expenses from their regular business operations Gain on disposal of several items of property, plant & equipment Income tax expense on continuing operations Loss on the termination of a discontinued business segment, net of tax Losses on damage caused by earthquake, net of tax $3,000,000 900,000 600,000 15,000 330,000 120,000 280,000 Earnings per share Income (loss) from continuing operations Income (loss) from discontinued operations Income (loss) before extraordinary items Extraordinary loss Net income (loss)

Answer rating: 100% (QA)

Income from co... View the full answer