Explain sustainable income in given problem

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Question: 1. Explain sustainable income. What relationship does this concept have to the treatment of discontinued operations on the income statement?

2. Hogan Inc. reported 2016 earnings per share of $3.26 and had no discontinued operations. In 2017, earnings per share on income from continuing operations was $2.99, and earnings per share on net income was $3.49. Do you consider this trend to be favorable? Why or why not?

Reference no: EM131837145

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