Question
Blossom Corporation has income from continuing operations of $256,000 for the year ended December 31, 2022. It also has the following items (before considering
Blossom Corporation has income from continuing operations of $256,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of $78,000 on available-for-sale securities. 2. A gain of $26,000 on the discontinuance of a division (comprised of a $14,000 gain on disposal). d of a $14,000 loss from operations and a $40,000 Assume all items are subject to income taxes at a 16% tax rate Prepare a partial Income statement, beginning with income from continuing operations, and a statement of comprehensive income for the year ended December 31, 2022. turlargaronjative spreading the subires-2,945 argue BLOSSOM CORPORATION Income Statement (Partial) BLOSSOM CORPORATION Question 2 of 9 ./51 Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income for the year ended December 31, 2022.jpg them-2945. BLOSSOM CORPORATION Income Statement (Partial) BLOSSOM CORPORATION Statement of Comprehensive Income
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