202. Bradenton Company reports the following for 2010:
Income from continuing operations before income tax
$500,000
Extraordinary property loss from hurricane
$60,000*
Loss from discontinued operations
$90,000*
Weighted average number of shares outstanding
40,000
Applicable tax rate
40%
* Net of any tax effectRequired:
(1)
Prepare a partial income statement for Bradenton Company beginning with income from continuing operations before income tax.
(2)
Calculate the earnings per common share for Bradenton, including per-share amount for unusual items.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here