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In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $493,000.ir (not including unusual items). loss on operation of discontinued music division
In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $493,000.ir (not including unusual items). loss on operation of discontinued music division $56.000. gain on disposal of dis division $40,000, and unrealized loss on available-for-sale securities $158.000. The income tax rate is 29%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss sign preceding the number e.g. -2,945 or parentheses eg. (2,945).) HRABIK CORPORATION Partial Statement of Comprehensive Income Income before Income taxes $ Income tax expense Income from continuing operations > Discontinued operations Loss from operations of discontinued division > $ Gain from disposal of discontinued division
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