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Question - The Marigold Corporation had income from continuing operations of $13 million in 2020. During 2020, it disposed of its restaurant division at a loss of $84,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $216,000 (net of tax of $135,000) in 2020. Marigold also had an unrealized gain-OCI of $41,000 (net of tax of $18,000) related to its FV-OCI equity investments. Marigold had 10 million common shares outstanding during 2020.
Required -
A) Prepare a partial statement of financial performance for Marigold, beginning with income from continuing operations.
B) Calculate earnings per share.
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