The 2025 income statement of Cullumber Corporation showed net income of $482,000 and a loss from discontinued operations of $116,000. Cullumber had 100,000 shares of common stock outstanding all year. Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) CULLUMBER CORPORATION Income Statement

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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The 2025 income statement of Cullumber Corporation showed net income of $482,000 and a loss from discontinued operations of
$116,000. Cullumber had 100,000 shares of common stock outstanding all year.
Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.)
CULLUMBER CORPORATION
Income Statement
Transcribed Image Text:The 2025 income statement of Cullumber Corporation showed net income of $482,000 and a loss from discontinued operations of $116,000. Cullumber had 100,000 shares of common stock outstanding all year. Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) CULLUMBER CORPORATION Income Statement
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