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Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2011:
Income from continuing operations before income taxes $110,000
Extraordinary gain on property condensation 28,000
Extraordinary loss on natural disaster (50,000)
Canton is subject to a 30% tax rate.
Required: Prepare the December 31, 2011, income statement for Canton Corporation, starting with income from continuing operations before income taxes.
How many options were exercisable on March 29, 2010? 3) What number of diluted weighted-average shares outstanding was used by M&S in computing earnings per share for 2009 and 2010? What were M&S's diluted earnings per share in 2009 and 2010?
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Effect on the contribution margin per unit and the contribution margin ratio and calculation used in a CVP analysis is the breakeven point.
Determine the earnings per share on common stock, assuming income before bond interest and income tax is $2,000,000 and enter answers in dollars and cents, rounding to the nearest whole cent.
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