Business
Business, 08.09.2020 14:01, eggemotions

Crane Corporation had income from operations of $6,433,500. In addition, it suffered an unusual and infrequent pretax loss of $778,800 from a volcano eruption, interest revenue of $18,630, and a write-down on buildings of $56,090. The corporation’s tax rate is 30%. Prepare a partial income statement for Crane beginning with Income from operations. The corporation had 4,958,200 shares of common stock outstanding during 2020. (Round earnings per share to 2 decimal places, e. g. 1.48.)

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Crane Corporation had income from operations of $6,433,500. In addition, it suffered an unusual and...

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