alexa131
Feb 27, 2017, 01:12 PM
1st time using this site.
Brief Exercise 4-5Ivanhoe Corporation had income from operations of $6,431,600. In addition, it suffered an unusual and infrequent pretax loss of $774,400 from a volcano eruption, interest revenue of $18,620, and a write-down on buildings of $48,630. The corporation’s tax rate is 30%. Prepare a partial income statement for Ivanhoe beginning with Income from operations. The corporation had 4,929,800 shares of common stock outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)
The book is really confusing me on this as it does not have an example on how to do all of this in one statement. I believe I can get all the correct numbers just need to know what order to do it all in.
Brief Exercise 4-5Ivanhoe Corporation had income from operations of $6,431,600. In addition, it suffered an unusual and infrequent pretax loss of $774,400 from a volcano eruption, interest revenue of $18,620, and a write-down on buildings of $48,630. The corporation’s tax rate is 30%. Prepare a partial income statement for Ivanhoe beginning with Income from operations. The corporation had 4,929,800 shares of common stock outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)
The book is really confusing me on this as it does not have an example on how to do all of this in one statement. I believe I can get all the correct numbers just need to know what order to do it all in.