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Exercise 13-1 For its fiscal year ending October 31, 2017, Cheyenne Corp. reports the following partial data shown below Income before income taxes Income tax
Exercise 13-1 For its fiscal year ending October 31, 2017, Cheyenne Corp. reports the following partial data shown below Income before income taxes Income tax expense (16% $541,000) Income from continuing operations Loss on discontinued operations Net income $645,000 86,560 558,440 133,300 $425,140 The loss on discontinued operations was comprised of a $57,900 loss from operations and a $75,400 loss from disposal. The income tax rate is 16% on all items Prepare a correct statement of comprehensive income, beginning with income before income taxes. CHEYENNE CORP Partial Statement of Comprehensive Income
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