Question: Current Attempt in Progress Ivanhoe Corporation has income from continuing operations of $276,000 for the year ended December 31, 2022. It also has the
Current Attempt in Progress Ivanhoe Corporation has income from continuing operations of $276,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of $77,000 on available-for-sale securities. 2. A gain of $36,000 on the discontinuance of a division (comprised of a $13,000 loss from operations and a $49,000 gain on dispo Assume all items are subject to income taxes at a 15% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income for the year ended December 31, 2022. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
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