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Business, 16.04.2020 22:41 ADKREBS

Faccio Academy Surplus had 40,000 shares of common stock and 4,000 shares of 1%, $10 par value preferred stock outstanding through December 31, 2018. Income from continuing operations for 2018 was $596,400, and loss on discontinued operations (net of income tax saving) was $20,000. Compute Faccio's earnings per share for 2018, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest cent, $X. XX. Use parentheses or a minus sign for amounts reducing the income from continuing operations.)

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Faccio Academy Surplus had 40,000 shares of common stock and 4,000 shares of 1%, $10 par value prefe...

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