From the following data for Norton Company for the year ended December 31, 2012 prepare a multiple-step income statement. Show parenthetically earnings per share for the following: income from continuing operations, loss on discontinued operations (less applicable income tax), income before extraordinary item, extraordinary item (less applicable income tax), and net income.
Definitions:
Moral Agents
Individuals or entities capable of making ethical decisions and being held accountable for their actions, based on their ability to differentiate between right and wrong.
Autonomy
The right or condition of self-government, especially in the context of individual moral, ethical, or personal decisions.
Absolute
A term typically used to describe something that is complete or total, often without limitation or qualification.
Infringed
To encroach upon someone’s rights or freedoms, or breach a law or agreement.
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