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its proposed 2017 income statement, Martinez Corp. reports income before income taxes?472,000, income taxes $99,120 (not including unusual items), loss on operation of discontinued mu
its proposed 2017 income statement, Martinez Corp. reports income before income taxes?472,000, income taxes $99,120 (not including unusual items), loss on operation of discontinued mu division $68,800, gain on disposal of discontinued music division $55,700, and unrealized loss on available-for-sale securities $170,000. The income tax rate is 21% Prepare a correct statement of comprehensive income, beginning with income before income taxes MARTINEZ CORP Partial Statement of C Income Before Income Taxes 472,000 Income from Continuing 372,880 Discontinued Operations Gain from Disposal of Music Division Other Com Income Unrealized Holding Loss of Available-for-Sale Securities
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