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For its fiscal year ending October 31, 2020. Haas Corporation reports the following partial data shown below. $560.000 109.980 Income before income taxes Income tax
For its fiscal year ending October 31, 2020. Haas Corporation reports the following partial data shown below. $560.000 109.980 Income before income taxes Income tax expense (26% x $423,000) Income from continuing operations Loss on discontinued operations Net income 450,020 137.000 $313,020 The loss on discontinued operations was comprised of a $60.000 loss from operations and a $77,000 loss from disposal. The income tax rate is26% on all items. (a) Prepare a correct statement of comprehensive income beginning with income before income taxes. (Enter loss using either a negative sign preceding the number eg.-2,945 or parentheses es (2.9451) HAAS CORPORATION Partial Income Statement $ $ $
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