@Sakai @URI: 2186-FLM10110C x Connect C ? secure l
https://newconnect.mheducation.com/flow/connect.html Saved Midterm Problem #3: Reporting
income 0 come Statement For the Year Ended December 31, 2018 $ in thousands, except per
share amounts) 10 points 01:53:52 Print Earnings per share: Hill
Solution
Multiple Incoem Statement
Particulars Amount ($\'000) Net Sales $37,000 Cost of
goods sold -$20,000 Gross profit $17,000 Less: Expenses Selling and administrative
expenses -$4,400 Restructuring cost -$2,700 Non Operating Income/Expenses: Interest
Income $390 Interest Expense -$730 Non operating expense -$340 Income from continuing
operations $26,560 Less: Tax @20% $5,312 Income from Continuing operations ( Net of
Tax) (a) $21,248 Add: Gain on discontinued operations (net of tax) (b) (W/Note-1) $1,840
Net Income (a+b) $1,495 No. Of Common Share 800000 EPS ($1495000/80000) $1.87
Working Note-1 Amount ($\'000) Loss from operation $3,500 Gain on disposal of asets
$5,800 Net gain $2,300 Less tax @ 20% $460 Gain on discontinued operations (net of tax)
$1,840