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Exercise 9-2 Bramble Corp. has income from continuing operations of $236,000 for the year ended December 31, 2017, It also has the following items (before
Exercise 9-2 Bramble Corp. has income from continuing operations of $236,000 for the year ended December 31, 2017, It also has the following items (before considering income taxes) 1. An unrealized loss of $75,100 on available-for-sale securities. 2. A gain of $25,100 on the discontinuance of a division (comprised of a5,900 loss from operations and a31,000 gain on disposal) 3. A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income Assume all items are subject to income taxes at a 20% tax rate Prepare a statement of comprehensive income, beginning with income from continuing operations BRAMBLE CORP Partial Statement of Comprehensive Income Net Income (Loss)
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