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Exercises 13-1 For its fiscal year ending October 31, 2017, Marigold Corp. reports the following partial data shown below Income before income taxes Income tax
Exercises 13-1 For its fiscal year ending October 31, 2017, Marigold Corp. reports the following partial data shown below Income before income taxes Income tax expense (21% x $531,000) 111,510 Income from continuing operations Loss on discontinued operations Net income $579,000 467,490 119,700 The loss on discontinued operations was comprised of a $54,400 loss from operations and a $65,300 loss from disposal. The income tax rate is 21% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes
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