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For its fiscal year ending October 31, 2017, Blue Spruce Corp. reports the following partial data shown below. Income before income taxes $573,000 Income tax
For its fiscal year ending October 31, 2017, Blue Spruce Corp. reports the following partial data shown below.
Income before income taxes | $573,000 | |
Income tax expense (25% $557,000) | 139,250 | |
Income from continuing operations | 433,750 | |
Loss on discontinued operations | 118,200 | |
Net income | $315,550 |
Prepare a correct statement of comprehensive income, beginning with income before income taxes.
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