Pronghorn Corporation had income from continuing operations of $12,100,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $208,000. Prior to disposal, the division operated at a loss of $412,000 (net of tax) in 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Pronghorn had 10,000,000 shares of common stock outstanding during 2017. Prepare a partial income statement for Pronghorn beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e. g. 1.48.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Pronghorn Corporation had income from continuing operations of $12,100,000 in 2017. During 2017, it disposed of its restaurant division at ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During the paleogene period the style of plate boundary in california shifted to
Answers (1)
What effects does this journal entry have on the accounts? decrease cash and increase land decrease cash and decrease land increase cash and increase land increase cash and decrease land?
Answers (1)
If the Federal Reserve increases the money supply, how will the interest rate, theinternational value of the dollar, and imports be affected? International Value Interest Rate of the Dollar Imports
Answers (1)
They really don't purchase much, but they like the recreation the outing provides. Which type of shopping activity is this? Group of answer choices acquisitional shopping epistemic shopping experiential shopping impulsive shopping habitual shopping
Answers (1)
In preparing Marjorie Company's statement of cash flows for the most recent year, the following information is available: Purchase of equipment $260,000 Proceeds from the sale of equipment $87,000 Purchase of land $91,000 Net cash flows from
Answers (1)
New Questions in Business
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)
Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.
Answers (1)
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.
Answers (1)