The following information applies to Bowling Green Metals Corporation for the year ended December 31, 2012: Total

Question:

The following information applies to Bowling Green Metals for the year ended December 31, 2012:
Total revenues from regular operations ........... $ 832,000
Total expenses from regular operations ........... 776,000
Extraordinary gain, net of applicable income taxes ....... 30,000
Dividends paid ..................... 20,000
Number of shares of outstanding during the year . 10,000

Required
Compute earnings per share before extraordinary items and net earnings. Show how this might be presented in the financial statements.

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...