Question: PLEASE GIVE A CORRECT SOLUTION FOR ONCE IN MY LIFE Exercise 14-12 For its fiscal year ending October 31, 2017, Haas Corporation reports the following

 PLEASE GIVE A CORRECT SOLUTION FOR ONCE IN MY LIFE Exercise14-12 For its fiscal year ending October 31, 2017, Haas Corporation reports

PLEASE GIVE A CORRECT SOLUTION FOR ONCE IN MY LIFE

Exercise 14-12 For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial data shown below Income before income taxes $580,000 112,500 Income tax expense (25% x $450,000) Income from continuing operations 467,500 130,000 Loss on discontinued operations $337,500 Net income The loss on discontinued operations was comprised of a $55,000 loss from operations and a $75,000 loss from disposal. The income tax rate is 25% on all i tems (a) Prepare a correct statement of comprehensive income beginning with income before income taxes

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