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In its proposed 2017 income statement, Flint Corporation reports income before income taxes $473,000, income taxes $80,410 (not including unusual items), loss on operation of
In its proposed 2017 income statement, Flint Corporation reports income before income taxes $473,000, income taxes $80,410 (not including unusual items), loss on operation of discontinued music division $62,200, gain on disposal of discontinued music division $42,600, and unrealized loss on available-for-sale securities $164,000. The income tax rate is 17%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. FLINT CORPORATION Partial Statement of Comprehensive Income
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