1. Ivanhoe Corporation had operating income of $6,512,600. In addition, it suffered an unusual and rare pre-tax loss of $776,800 from a volcano eruption, interest income of $18,360, and building write-off of $54,710. The corporation tax rate is 30%. The corporation had 4,928,300 common shares outstanding during 2017.
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3. Prepare a partial income statement for Ivanhoe starting with Income from operations. 
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Heres a partial income statement for Ivanhoe Corporation Incom... View the full answer