The following information was taken from the records of Coronado Inc. for the year 2025:...
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Accounting
The following information was taken from the records of Coronado Inc. for the year 2025: Income tax applicable to income from continuing operations $190,740, income tax applicable to loss on discontinued operations $26,010, and unrealized holding gain on available-for-sale debt securities (net of tax) $15,300. Shares outstanding during 2025 were 100,000. (a) Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, e.g. 1.48. Enter other revenue and gains before other expenses and losses)
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