The 2012 income statement of Schmidt Corporation showed net income of $1,230,000 and a loss from discontinued

Question:

The 2012 income statement of Schmidt showed net income of $1,230,000 and a loss from discontinued operations of $105,000. Schmidt had 40,000 common shares outstanding all year. Prepare Schmidt's income statement presentation of earnings per share.
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...