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1. An unrealized loss of $72,600 on available-for-sale securities. 2. A gain of $27,600 on the discontinuance of a division (comprised of a $6,400 loss
1. An unrealized loss of $72,600 on available-for-sale securities. 2. A gain of $27,600 on the discontinuance of a division (comprised of a $6,400 loss from operations and a $34,000 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. MARIGOLD CORP. Partial Income Statement MARIGOLD CORP. Statement of Comprehensive Income Save for Later Attempts: 0 of 1 used Submit Answer 1. An unrealized loss of $72,600 on available-for-sale securities. 2. A gain of $27,600 on the discontinuance of a division (comprised of a $6,400 loss from operations and a $34,000 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. MARIGOLD CORP. Partial Income Statement MARIGOLD CORP. Statement of Comprehensive Income Save for Later Attempts: 0 of 1 used Submit
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