Question: Please help with this problem and explain. The calculations I got so far are all wrong.I am unsure if the second line of Discontinued operations

Please help with this problem and explain. The calculations I got so far are all wrong.I am unsure if the second line of "Discontinued operations Gain, Net of Tax" is correct either.

any help good help is appreciated

Please help with this problem and explain. The calculations I got so

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,100 shares $910,000 Common stock, $10 par value, issued and outstanding 186,000 shares 1,860,000 To acquire the net assets of three smaller companies, Swifty authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2017 50,400 Company B July 1, 2017 79,200 Company C October 1, 2017 31,200 On May 14, 2017, Swifty realized a $86,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Swifty recorded income of $289,200 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Swifty Industries as of December 31, 2017. ( Round answer to 2 decimal places, e.g. $2.55.) Swifty Industries Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations 289200 Discontinued Operations Gain, Net of Tax 43200 Net Income / (Loss) 246000 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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