INTERMEDIATE ACCOUNTINGII HANDOUT PROBLEM 5 Score Name Section Problem (10 points). Vienna Company has the...
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INTERMEDIATE ACCOUNTINGII HANDOUT PROBLEM 5 Score Name Section Problem (10 points). Vienna Company has the following information available to use in computing their earnings per share (EPS) under generally accepted accounting principles (GAAP) for the fiscal year ending December 31, 20X1. VIENNA COMPANY INFORMATION FOR INCOME TO COMPUTE EARNINGS PER SHARE (EPS) FOR YEAR ENDING DECEMBER 31, 20x1 Income From Continuing Operations Income From Discontinued Operations (net of tax) Loss on Sale of Assets of Discontinued Operations (net of tax) 720,000 20,000 50,000) The company also had the attached information. REQUIRED: Compute the earnings per share (EPS) that the company should report under GAAP using the above information. Show all supporting computations and round all EPS amounts to the nearest cent
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