The Omega Company reports the following: Income from continuing operations $1,000.000Extraordinary item 3,000,000Net income $4.000.000 Shares outstanding:

Question:

The Omega Company reports the following:
Income from continuing operations $1,000.000Extraordinary item 3,000,000Net income $4.000.000
Shares outstanding:
For basic EPS 1,000,000For diluted EPS 1,500,000
Income adjustments to be made:

Required: What EPS figures would Omega report? What are their values?

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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Jan 24, 2018 06:39 AM

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The Omega Company reports the following: Income from continuing operations $1,000.000Extraordinary item 3,000,000Net income $4.000.000 Shares outstanding:

Question:

Income before Extraordinary Item $200,000 Net Income For diluted EPS $200,000

Step by Step Answer:

Basic EPS Income before extraordinary item 10000001000000 shs 1...View the full answer

Intermediate accounting

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