Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / The 2014 income statement of Wasmeier Corporation showed net income of $732,000 and an extraordinary loss of $154,000
The 2014 income statement of Wasmeier Corporation showed net income of $732,000 and an extraordinary loss of $154,000. Wasmeier had 100,000 shares of common stock outstanding all year. Prepare Wasmeier’s income statement presentation of earnings per share
Answer:
|
Wasmeier Corporation |
|
|
Income Statement 2014 |
|
|
Particulars |
Amount |
|
Income Before Extra ordinary items |
886,000 |
|
Less : Extra ordinary Loss |
(154,000) |
|
Net Income |
732,000 |
|
No of common stock outstanding |
100,000 |
|
Earnings per share |
7.32 |
