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Crane Corporation has income from continuing operations of $ 2 3 4 , 9 0 0 for the year ended December 3 1 , 2
Crane Corporation has income from continuing operations of $ for the year ended December It also has the
following items before considering income taxes
An unrealized loss of $ on availableforsale securities
A gain of $ on the discontinuance of a division comprised of a $ loss from operations and a $ gain on
disposal
Assume all items are subject to income taxes at a tax rate.
Prepare a partial income statement, beginning with income from continuing operations.
CRANE CORPORATION
Income Statement Partial
Prepare a statement of comprehensive income.
CRANE CORPORATION
Statement of Comprehensive Income
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