Response to the following problem:
During 20X6, BMW Group earned income from continuing operations of $95,000. The company also sold its land-development segment (discontinued operations) at a gain of $30,000 and had an extraordinary loss of $8,000. At year-end, BMW had an unrealized loss on investments of $3,000.
1. Compute BMW's net income and comprehensive income for 20X6. All amounts are net of income taxes.
2. What would be the final EPS figure that BMW would report for 20X6? During the year, BMW had 20,000 shares of common stock (and no preferred stock) outstanding.