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ACCT 382 - Week 4 - Chapter 4 Homework - Question 3

ACCT 382 - Week 4 - Chapter 4 Homework - Question 3
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ACCT 382 - Week 4 - Chapter 4 Homework - Question 3

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Question 3

The Esposito Import Company had 1 million shares of common stock outstanding during 2013. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.6 million; extraordinary gain, $2.2 million. All of these amounts are net of tax.