Ask Question
22 April, 08:55

The 2017 income statement of pronghorn corporation showed net income of 468000 and a loss from discontinued operations of 116000. Pronghorn had 100000 shares of common stock oustanding all year. Prepare income statement presentation of earnings per share.

+2
Answers (1)
  1. 22 April, 10:39
    0
    Income statement presentation of earnings per share is given below.

    Net income $ 468,000

    Discontinued operations ($ 116,000)

    Group Net income $ 352,000

    EPS $ 3.52

    DPS $ 3.52

    Earning per share is an accounting ratio that is widely used by investors in stock market. The EPS is calculated as follow.

    EPS = Net income/outstanding shares = 352,000/100,000 = $ 3.52
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The 2017 income statement of pronghorn corporation showed net income of 468000 and a loss from discontinued operations of 116000. Pronghorn ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers