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In its proposed 2022 income statement, Pronghorn Corp reports income before income taxes $487,000, income taxes $97,400 (not including unusual items), loss on operation of
In its proposed 2022 income statement, Pronghorn Corp reports income before income taxes $487,000, income taxes $97,400 (not including unusual items), loss on operation of discontinued music division $71,800, gain on disposal of discontinued music division $47,600, and unrealited loss on available-for-sale securities $154,000. The income tax rate is 20%. Prepare a correct partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022. PRONGHORN CORP Partial Income Statement $ 
In its proposed 2022 income statement, Pronghorn Corp reports income before income taxes $487,000, income taxes $97,400 (not including unusual iteps), loss on operation of discontinued music division $71,800, gain on disposal of discontinued music division $47,600, and unreal fed loss on available-for-sale securities $154,000. The income tax rate is 20%. Prepare a correct partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022
In its proposed 2022 income statement, Pronghorn Corp reports income before income taxes $487,000, income taxes $97,400 (not including unusual items), loss on operation of discontinued music division $71,800, gain on disposal of discontinued music division $47,600, and unrealited loss on available-for-sale securities $154,000. The income tax rate is 20%. Prepare a correct partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022. PRONGHORN CORP Partial Income Statement $
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
