Finley had 10000000 shares of common stock outstanding


Finley Corporation had income from continuing operations of $10,600,000 in 2012. During 2012, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2012. Finley had 10,000,000 shares of common stock outstanding during 2012. Prepare a partial income statement for Finley beginning with income from continuing operations.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Finley had 10000000 shares of common stock outstanding
Reference No:- TGS0806403

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)