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Bramble Corporation has income from continuing operations of $298,000 for the year ended December 31, 2022. It also has the following items (before considering
Bramble Corporation has income from continuing operations of $298,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. 2 An unrealized loss of $86,000 on available-for-sale securities. A gain of $36,000 on the discontinuance of a division (comprised of a $12,000 loss from operations and a $48,000 gain on disposal). Assume all items are subject to income taxes at a 17% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Income from Continuing Operations Discontinued Operations BRAMBLE CORPORATION Income Statement (Partial) For the Year Ended December 31, 2022 Loss from Operations, Net of Income Tax Savings
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