The following information is taken from the current year financial statement of EC (dollar figures and shares of stock are in thousands.) the fist three items are net of applicable income tax. The loss from continuing operations does not include the loss from lawsuit. Loss from lawsuit (considered unusual and infrequent)..$  (8,490) Loss from continuing operations…………………………..$  (16,026) Income from discontinued operations…………………$      6,215 Preferred stock dividend requirements………………….$   (2,778) Weighted average number of share of common  stock outstanding………………………………………………….$  39,739 Rearrange the items to present in good from the las portion of the income statement for the EC, beginning with “loss from continuing operations.” Calculate the amount of the net loss per share for the period. (do not calculate per share amounts for subtotals, such as income from continuing operations. Please could you compute the single earnings per share amounts.)

Question

The following information is taken from the current year financial statement of EC (dollar figures and shares of stock are in thousands.) the fist three items are net of applicable income tax. The loss from continuing operations does not include the loss from lawsuit.

Loss from lawsuit (considered unusual and infrequent)..$  (8,490)

Loss from continuing operations…………………………..$  (16,026)

Income from discontinued operations…………………$      6,215

Preferred stock dividend requirements………………….$   (2,778)

Weighted average number of share of common

 stock outstanding………………………………………………….$  39,739

  1. Rearrange the items to present in good from the las portion of the income statement for the EC, beginning with “loss from continuing operations.”
  2. Calculate the amount of the net loss per share for the period. (do not calculate per share amounts for subtotals, such as income from continuing operations. Please could you compute the single earnings per share amounts.)

 

 

 

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