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For its fiscal year ending October 31, 2022, Sheridan Corporation reports the following partial data.. The loss on discontinued operations was comprised of a $56,000
For its fiscal year ending October 31, 2022, Sheridan Corporation reports the following partial data.. The loss on discontinued operations was comprised of a $56,000 loss from operations and a $73,000 loss from disposal. The income tax rate is 25% on all items. (a) Prepare a correct partial income statement, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. 2,945 or parentheses e.g. (2,945). SHERIDAN CORPORATION Income Statement (Partial ) For the Year Ended October 31, 2022 Income before Income Taxes Income Tax Expense Discontinued Operations Loss from Operations, Net of Income Tax Savings Loss on Disposal, Net of Income Tax Savings (58,40 Net Income / (Loss)
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