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5.Pitchfork sold investments during the year that resulted in a pre-tax loss of $18,000.The company also had unrealized gains on Available for Sale securities of
5.Pitchfork sold investments during the year that resulted in a pre-tax loss of $18,000.The company also had unrealized gains on Available for Sale securities of $20,000 (pre-tax).Both of these transactions wereexcludedin determining the $1,700,000 Income from Continuing Operations calculation.
To correct I.C.O. for 2020, the adjustment for gains/losses on investments would be:$[Amount_1]
If you want to increase I.C.O., enter your answer as a positive number.To decrease I.C.O., enter your answer as a negative number using () parenthesis.
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