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Exercise 18-02 Your answer is partly correct. Try again Trayer Corporation has income from continuing operation of $294,000 for the year anded December 31, 2020.
Exercise 18-02 Your answer is partly correct. Try again Trayer Corporation has income from continuing operation of $294,000 for the year anded December 31, 2020. It also has the following items before considering incomatus). 1. An unrealized loss of $83,000 on available-for-sale securities. 2. A gain of $30,000 on the discontinuance of a division (comprised of a $10,000 loss from operations and a 540,000 gain on disposan Assume all items are subject to income taxes at a 25% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses es. (2,945).) TRAYER CORPORATION Partial Statement of Comprehensive Income For the Year Ended December 31, 2020 Income from Continuing Operations 294,000 Discontinued Options Gain from Operations of Discontinued Division 30,000 Loss from Disposal of Discontinued Division 22,500 22,50 Net Income (Low 271,500 Other Comprehensive Income Unrealized Holding Loss on Available-for-Sale Securities 20,750 Comprehensive Income /(LO) 250,750
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