Tamarisk Corporation had income from continuing operations of $10,763,000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $201,600. Prior to disposal, the division operated at a loss of $324,000 (net of tax) in 2020. Tamarisk had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Tamarisk beginning with income from continuing operations.

$1.02

Explanation:

Preparation of the partial income statement for Tamarisk beginning with income from continuing operations.

Income from continuing operations $10,763,000

Less Discontinued operations:

Loss from operation of discontinued restaurant division (net of tax) ($324,000)

Loss from disposal of restaurant division(net of tax) (201,600)

Net income$10,237,400

Earnings per share:

Income from continuing operations$1.07

($10,763,000÷$10,000,000)

Discontinued operations, net of tax(0.05)

(324,000+201,600= 525,600

Net income $1.02

Calculation for Discontinued operations,

(324,000+201,600)= 525,600

525,600÷$10,237,400

=0.05

Therefore the Net income is $1.02

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

hope this