Tamarisk Corporation had income from continuing operations of $10,763,000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $201,600. Prior to disposal, the division operated at a loss of $324,000 (net of tax) in 2020. Tamarisk had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Tamarisk beginning with income from continuing operations.

$1.02

Explanation:

Preparation of the partial income statement for Tamarisk beginning with income from continuing operations.

Income from continuing operations $10,763,000

Less Discontinued operations:

Loss from operation of discontinued restaurant division (net of tax) ($324,000)

Loss from disposal of restaurant division(net of tax) (201,600)

Net income$10,237,400

Earnings per share:

Income from continuing operations$1.07

($10,763,000÷$10,000,000)

Discontinued operations, net of tax(0.05)

(324,000+201,600= 525,600

Net income $1.02

Calculation for Discontinued operations,

(324,000+201,600)= 525,600

525,600÷$10,237,400

=0.05

Therefore the Net income is $1.02

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answerplace value;