SAVE MART INC. For the Year Ended 31/12/2020 Net Income Rs.10,750,000 Loss On Disposal of Franchise (Taxed at 40%) 250,000 Loss on Disposal of Merchandise (Taxed at 40%) 200,000 Extraordinary Loss...

SAVE MART INC.<br>For the Year Ended 31/12/2020<br>Net Income<br>Rs.10,750,000<br>Loss On Disposal of Franchise (Taxed at 40%)<br>250,000<br>Loss on Disposal of Merchandise (Taxed at 40%)<br>200,000<br>Extraordinary Loss (Taxed at 40%)<br>125,000<br>No. of common stock outstanding during the first nine months<br>100,000<br>No. of common stock outstanding during the last three months<br>200,000<br>Required:<br>(a) Prepare a partial income statement.<br>(b) Compute EPS for every item.<br>

Extracted text: SAVE MART INC. For the Year Ended 31/12/2020 Net Income Rs.10,750,000 Loss On Disposal of Franchise (Taxed at 40%) 250,000 Loss on Disposal of Merchandise (Taxed at 40%) 200,000 Extraordinary Loss (Taxed at 40%) 125,000 No. of common stock outstanding during the first nine months 100,000 No. of common stock outstanding during the last three months 200,000 Required: (a) Prepare a partial income statement. (b) Compute EPS for every item.

Jun 11, 2022

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SAVE MART INC. For the Year Ended 31/12/2020 Net Income Rs.10,750,000 Loss On Disposal of Franchise (Taxed at 40%) 250,000 Loss on Disposal of Merchandise (Taxed at 40%) 200,000 Extraordinary Loss...

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