Question 7 During all of fiscal year 2017, Alpha Corporation had outstanding

You are considering selling your family’s auto parts company
May 5, 2020
Barbara is an employee of Baltimore Company
May 5, 2020

Question 7 During all of fiscal year 2017, Alpha Corporation had outstanding

100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 7% preferred stock. For 2017, Alpha Corporation had $230,000 income from continuing operations and $575,000 loss on discontinued operations; dividends were paid only to preferred shareholders. Use this information to determine how much Alpha Corporation should report for 2017 basic earnings (loss) per share for income (loss) from continuing operations. If it is a loss EPS then present the value in brackets

 
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