The Blue Collar Corporation had income from continuing operations of $ 12.6 million in 2014. During 2014,

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The Blue Collar Corporation had income from continuing operations of $ 12.6 million in 2014. During 2014, it disposed of its restaurant division at an after- tax loss of $89,000. Before the disposal, the division operated at a loss of $315,000 (net of tax) in 2014. Blue Collar also had an unrealized gain-OCI of $43,000 (net of tax) related to its fair value-OCI investments. Blue Collar had 10 million common shares outstanding during 2014. Blue Collar accounts for its investments in accordance with li\S 39. Prepare a partial statement of comprehensive income for Blue Collar beginning with income from continuing operations. Include calculation of EPS.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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