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*Exercises 13-2 Your answer is partially correct. Try again. Trayer Corporation has income from continuing operations of $200,000 for the year ended December 31, 2017.
*Exercises 13-2 Your answer is partially correct. Try again. Trayer Corporation has income from continuing operations of $200,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $50,000 on available-for-sale securities 2. A gain of $25,000 on the discontinuance of a division (comprised of a $5,000 loss from operations and a $30,000 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 15% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. AYAYAI CORF Partial Statement of Comprehensive Income For the Year Ended Dec ncome from Continuing Operations iscontinued Operations in from Disposa Income from Continuing Loss from Operations Net Income (Loss)
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