Presented Below Are Performance Measure Data from the Income Statement

question 36

Essay

Presented below are performance measure data from the income statement of Barton Company.
Gross Profit $524,000
Operating Income 293,000
Income from Continuing Operations before Taxes 305,000
Income from Continuing Operations 232,000
Net Income 205,000
Barton has 100,000 shares of common stock outstanding. Prepare the summary schedule of earnings per share required by U.S. GAAP.

---

Definitions:

White South

A term referring to the American South's sociopolitical and cultural environment, highlighting its historical context of racial segregation and dominance by white Americans.

Supreme Court

The Supreme Court is the highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal law.

Black Families

Refers to the social, economic, and cultural dynamics and structures of African American households and family units in the United States.