On December 31, 2019. Cullumber Corporation had 141.600 common shares outstanding On April 30, 2020, the company issued. additional 45.000 common shares for cash. On July 31 2020 the company repurchased and cancelled 21.000.commonshares During the year ended December 31, 2020, Cullumber earned income before txes of $40.000.000 Not included in this income was a loss from discontinued operations of $5.000.000 before tax. The company was subject to a 29% income tax rate Calculate earnings per share data as they should appear on the 2020 income statement of Cullumber Corporation (Round aners to 2 decimal places, eg.52.75) Earnings per share Continuing operation Discontinued operations Carnings peshore
On December 31, 2019. Cullumber Corporation had 141.600 common shares outstanding On April 30, 2020, the company issued. additional 45.000 common shares for cash. On July 31 2020 the company repurchased and cancelled 21.000.commonshares During the year ended December 31, 2020, Cullumber earned income before txes of $40.000.000 Not included in this income was a loss from discontinued operations of $5.000.000 before tax. The company was subject to a 29% income tax rate Calculate earnings per share data as they should appear on the 2020 income statement of Cullumber Corporation (Round aners to 2 decimal places, eg.52.75) Earnings per share Continuing operation Discontinued operations Carnings peshore
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 25E
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