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Blossom Company has income from continuing operations of $620,000 (after tax) for the year ended December 31, 2022. It also has the following items
Blossom Company has income from continuing operations of $620,000 (after tax) for the year ended December 31, 2022. It also has the following items (before considering income taxes) (1) An unrealized loss of $90.000 available-for-sale-securities. (2) Again of $45.000 on the discontinuance of a major component (3) A cumulative effect of a change in accounting principle that resulted in an increase in prior years' depreciation of $45.000
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