ig 20102- Parrott Summer 2024 Tanner Ayers 07/17/243:28 PM Assignment -...

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Accounting

ig 20102- Parrott Summer 2024
Tanner Ayers
07/17/243:28 PM
Assignment - Chapters 12 &
Question 10, EF13-35(similar to)
HW Score: 81.84%,8.18 of 10 points
Part 1 of 2
Points: 0 of 1
Faccio Academy Surplus had 30,000 shares of common stock and 8,000 shares of 10%,$15 par value preferred stock outstanding through December 31,2024. Income from continuing operations for 2024 was $471,000, and loss on discontinued operations (net of income tax saving) was $6,000.
Compute Faccio's earnings per share for 2024, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest cent, $. XX. Use parentheses or a minus sign for amounts reducing the income from continuing operations.)
Begin by selecting the formula to compute the earnings per share.
Earnings per share =
Annual dividend per share Earnings per share
(Net income + Income tax expense + Interest expense
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