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Calculate earnings per share as should be reported

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The 2020 income statement of Carla Vista Corporation showed net income of $1,331,000, which included a loss from discontinued operations of $103,400. Carla Vista had 44,000 common shares outstanding all year.

Problem 1: Calculate earnings per share (EPS) for 2020 as it should be reported to shareholders.

Reference no: EM132941575

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