Prepare a statement of comprehensive income, beginning with income from continuing operations. Income from Continuing Operations...

  

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Prepare a statement of comprehensive income, beginning with income from continuing operations. Income from Continuing Operations Discontinued Operations Loss from Operations Gain from Disposal Net Income /(Loss) Other Comprehensive Income INDIGO CORPORATION Partial Statement of Comprehensive Income For the Year Ended December 31, 2017 Unrealized Holding Loss of Available-for-Sale Securities # Comprehensive Income LA LA 225000 Trayer Corporation has income from continuing operations of $225,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $86,200 on available-for-sale securities. 2. A gain of $43,500 on the discontinuance of a division (comprised of a $5,100 loss from operations and a $48,600 gain on disposal). 3. A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 16% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. Prepare a statement of comprehensive income, beginning with income from continuing operations. Income from Continuing Operations Discontinued Operations Loss from Operations Gain from Disposal Net Income /(Loss) Other Comprehensive Income INDIGO CORPORATION Partial Statement of Comprehensive Income For the Year Ended December 31, 2017 Unrealized Holding Loss of Available-for-Sale Securities # Comprehensive Income LA LA 225000 Trayer Corporation has income from continuing operations of $225,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $86,200 on available-for-sale securities. 2. A gain of $43,500 on the discontinuance of a division (comprised of a $5,100 loss from operations and a $48,600 gain on disposal). 3. A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 16% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations.

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Statement of comprehensive income of Indigo Corporation is shown as follows In... View the full answer