The lower portion of the 2012 income statement for Duke Energy Corporation follows (dollars in millions, except per-share amounts):Income from continuing operations …………. $1, 746Income from discontinued operations, net of tax …….. 36Net income …………………. 1,782Less: Net income attributable to noncontrolling interests …. 14Net income attributable to Duke Energy ………. $1,768Earnings per share from continuing operationsBasic ……………………. $ 3.01Diluted …………………… $ 3.01Earnings per share from discontinued operationsBasic …………………… $ 0.06Diluted …………………… $ 0.06Earnings per shareBasic ……………………. $ 3.07Diluted …………………… $ 3.07REQUIRED: a. Why is there a distinction among income from continuing operations, income from discontinued operations, and income from non-controlling interests? b. Estimate the number of common shares outstanding. c. Why is there a distinction between basic earnings per share and diluted earnings per share? d. Is there a potential for securities to be converted into common shares?View Solution:
The lower portion of the 2012 income statement for Duke



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