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:
Haploid
A cell or nucleus having a single set of unpaired chromosomes, typical of gametes.
Diploid
A diploid cell is one that contains two complete sets of chromosomes, one from each parent, which is the characteristic number of chromosomes for most organisms' body cells.
Gamete Formation
The process by which gametes, or sex cells, are produced, involving meiosis, resulting in cells with half the original number of chromosomes.
Mitosis
A process of cell division in eukaryotic cells that results in two genetically identical daughter cells from a single parent cell.
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