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The Esposito Import Company had 1 million shares of common stock outstanding during 2024.
Its income statement reported the following items: income from continuing operations, $5
million; loss from discontinued operations, $1.6 million. All of these amounts are net of tax.
Required:
Prepare the 2024 EPS presentation for the Esposito Import Company.
Note: Amounts to be deducted should be indicated with a minus sign. Round your answers to 2
decimal places.

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The Esposito Import Company had 1 million shares of common stock out.pdf

  • 1. The Esposito Import Company had 1 million shares of common stock outstanding during 2024. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.6 million. All of these amounts are net of tax. Required: Prepare the 2024 EPS presentation for the Esposito Import Company. Note: Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.