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Coronasux, Inc. had revenue of $500,000, COGS of $375,000, Operating expenses of $50,000, purchase of fixed assets of $85,000, dividends of $4,000, a loss from

Coronasux, Inc. had revenue of $500,000, COGS of $375,000, Operating expenses of $50,000, purchase of fixed assets of $85,000, dividends of $4,000, a loss from discontinued operations of $10,000 and an unrealized gain from available for sale securities of $20,000.All of the preceding numbers are pre-tax and there is a tax rate of 25%.Based upon these facts (there will be a lot of questions with these facts, consider jotting them down):

  1. WHAT IS CORONASUX' TAX ON CONTINUING OPERATIONS?
  2. WHAT IS CORONASUX' OTHER COMPREHENSIVE INCOME (OCI) NET OF TAX?
  3. WHAT IS CORONASUX' COMPREHENSIVE INCOME?

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