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Haliteck Corporation is based in Halifax. At the end of 2 0 X 4 , the company's accounting records show the following items: a .
Haliteck Corporation is based in Halifax. At the end of X the company's accounting records show the following items:
a A $ loss from hurricane damage.
b Total sales revenue of $ including $ in the Decolite division, for which the company has a formal plan of sale.
c Interest expense on longterm debt of $
d Increase in fair value of marketable securities of $
e Operating expenses of $ including depreciation and amortization of $ Of the total expenses, $
including $ in depreciation and amortization was incurred in the Decolite division.
f Haliteck Corporation wrote down tangible capital assets by $ during the year in order to reduce the Decolite division's
assets to their estimated recoverable amount.
g Haliteck has longterm debt denominated in US dollars. Due to the weakening of the US dollar during the company has an
unrealized gain of $
h Haliteck has a subsidiary in France. The euro strengthened during the year, with the result that Haliteck had an unrealized gain of
$ on its net investment in the subsidiary.
i Haliteck's income tax expense for is $ This amount is net of a tax recovery of $ on the Decolite division and a
$ tax benefit from hurricane damage.
j The company had common shares outstanding at the beginning of the year; an additional were issued on March
Required:
Prepare a continuous SCI. Do not round intermediate calculations. Round your "Earnings
per share" answers to decimal places.
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