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    Income Statement and Financial Statements

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    The following information applies to Bowling Green Metals Corp. for the year ended December 31, 2003.

    Total revenues from regular operations $832,000
    Total expenses from regular operations 776,000
    Extraordinary gain, net of applicable income taxes 30,000
    Dividends paid 20,000
    Number of shares of common stock outstanding
    During the year 10,000

    Compute earnings per share before extraordinary items and net earnings. Show how this might be presented in the financial statements.

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    https://brainmass.com/business/income-statement/income-statement-financial-statements-90755

    Solution Summary

    This solution contains a computation of earnings per share before extraordinary items and net earnings. All calculations are shown in an Excel file in the form of a financial statements.

    $2.19

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