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17 June, 03:21

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.

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  1. 17 June, 03:28
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    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
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