Business, 20.09.2019 21:20 Angel1107

During all of the year just ended, littlefield, inc., had outstanding 100,000 shares of common stock and 5,000 shares of noncumulative, $7 preferred stock. each share of the latter is convertible into three shares of common. for the year, littlefield had $230,000 income from continuing operations and a $575,000 loss on discontinued operations; no dividends were paid or declared. littlefield should report diluted earnings (loss) per share (deps) for income from continuing operations and for net income (loss), respectively, of:

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During all of the year just ended, littlefield, inc., had outstanding 100,000 shares of common stock...