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for the year ended december 31, 2021. prince company inc reported income from continuing operatuons of 980,000. included in the determination of comprehensive income for
for the year ended december 31, 2021. prince company inc reported income from continuing operatuons of 980,000. included in the determination of comprehensive income for the company is the following:
i. effective october 31,2021 the board of director has initated a plan to dipose of division A.
the plan meets the requirements of a disontinued operation. the division has reported an operating loss before tax of $114,500
ii. at the end of december 2021, the assets of division A were disposed of for a gain before tax of $68000
iii. included in the determination of income is an unrealized loss before tax of $28000 ln FV-NI investments and an unrealized loss beforr tax of $68000 on FV-OCI investment
instructions:
prepare in good form a partial statement of comprehensive income for the year ended december 31, 2021 beginning with income from continuing operations before tax (assume a tax rate of 40%)
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