case 2 dresser industries dresser industries provides products and services to oil a 1574424

Case 2 Dresser Industries

Dresser Industries provides products and services to oil and natural gas exploration, production, transmission, and processing companies. The following is taken from a recent income statement. (Dollar amounts are in millions.)

Instructions

Assume that 177,636,000 shares of stock were issued and outstanding. Prepare the per share portion of the income statement. Remember to begin with “Earnings from continuing operations.”