What Is The Amount Of Income From Continuing Operations For Cambridge Company

Basic earnings per share is the amount of a company s earnings allocable to each share of its common stock it is a useful measure of performance for companies with simplified capital structures if a business only has common stock in its capital structure the company presents only its basic earnings per share for income from continuing operations and net.

What is the amount of income from continuing operations for cambridge company. 5 what is the total amount of after tax income loss associated with the discontinued segment. Additional pre tax transactions not included in the computation of the 1 575 000 are as follows. Income from continuing operations is a net income category found on the income statement that accounts for a company s regular business activities. 15 000 d.

The rayburn company had income from continuing operations before tax of 1 575 000 in 2014. 4 what is the amount of income from continuing operations. 3850 00 statement of shareholder s equity biglo chemical company reported the fol. Net income from continuing operations is a line item on the income statement that notes the after tax earnings that a business has generated from its operational activities.

What is the amount of income from continuing operations for cambridge compa. Gerogi company had the following balances for income from continuing operat. 365 000 c. Income before extraordinary items 243 565 j.

Following income the special items from continuing operations appear at their actual impact on the company that is net of their tax effect. Income tax expense 1 234 loss on discontinued operations 1 229 loss on disposal of equipment 237 revenue 8 771 selling expense 1 425 what is the amount of income from continuing operations for cambridge company. The following data include all the elements from cambridge company income statement. Since one time events and the results of discontinued operations are excluded this measure is considered to be a prime indicator of the financial health of a firm s core activities.

545 000 b. Administrative expense cost of goods sold gain on sale of securities income tax expense loss on discontinued operations loss on disposal of equipment revenue selling expense 865 3 640 623 1 234 1 229 237 8 790 1 425 what is the amount of income from continuing operations for cambridge company. 6 what is the amount of income loss before the extraordinary items. Administrative expense 874 cost of goods sold 3 638 gain on sale of securities 623 income tax expense 1 234 loss on discontinued operations 1 229 loss on disposal of equipment 237 revenue 8 746 selling expense 1 425 what is the amount of gross profit for cambridge.

Eps is reported both before 5 550 and after 4 078 the discontinued operations extraordinary item and the cumulative effect of a change in accounting principle.