Apex Inc. reports the following for a recent year: Income from continuing operations before income tax $1,000,000 Loss from discontinued operations $240,000 * Weighted average number of shares outstanding 20,000 Applicable tax rate 40% *Net of any tax effect. a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax. Apex, Inc. Partial Income Statement For the Year Ended December 31 $fill in the blank 9d2fb1038f9900b_2 fill in the blank 9d2fb1038f9900b_4 $fill in the blank 9d2fb1038f9900b_6 fill in the blank 9d2fb1038f9900b_8 $fill in the blank 9d2fb1038f9900b_10 b. Determine the earnings per common share for Apex Inc., including per-share amounts for unusual items. Apex, Inc. Partial Income Statement For the Year Ended December 31 Earnings per common share: $fill in the blank ae4e9702300c053_2 fill in the blank ae4e9702300c053_4 $fill in the blank ae4e9702300c053_6
Apex Inc. reports the following for a recent year:
Income from continuing operations before income tax $1,000,000
Loss from discontinued operations $240,000 *
Weighted average number of shares outstanding 20,000
Applicable tax rate 40%
*Net of any tax effect.
a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax.
Apex, Inc.
Partial Income Statement
For the Year Ended December 31
$fill in the blank 9d2fb1038f9900b_2
fill in the blank 9d2fb1038f9900b_4
$fill in the blank 9d2fb1038f9900b_6
fill in the blank 9d2fb1038f9900b_8
$fill in the blank 9d2fb1038f9900b_10
b. Determine the earnings per common share for Apex Inc., including per-share amounts for unusual items.
Apex, Inc.
Partial Income Statement
For the Year Ended December 31
Earnings per common share:
$fill in the blank ae4e9702300c053_2
fill in the blank ae4e9702300c053_4
$fill in the blank ae4e9702300c053_6
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