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:
Spiritual Meaning
The significance or purpose ascribed to life or existence based on religious, philosophical, or personal beliefs and practices.
Terminally Ill
A condition in which an individual is facing a disease or condition that is expected to lead to death within a relatively short period of time.
Ineffective Role Performance
A situation where an individual perceives themselves as unable to fulfill the expectations or responsibilities of a particular role.
Stroke
A medical condition where poor blood flow to the brain results in cell death, causing symptoms like paralysis and speech impediments.
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