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NO EXPLANATIONS NECESSARY, ANSWERS ONLY PLEASE. THANK YOU! Wildcat Corporation reported the following items in its adjusted trial balance for the year ended December 31,
NO EXPLANATIONS NECESSARY, ANSWERS ONLY PLEASE. THANK YOU!
Wildcat Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021:
Wildcat Corporation is subject to a 30% tax rate. Required: Prepare the December 31, 2021, income statement for Wildcat Corporation, starting with income from continuing operations before income taxes. (Amounts to be deducted should be indicated with a minus sign.)
Income from continuing operations before income taxes Gain on disposal of discontinued component Loss from operations of discontinued component $ 118,620 35,20 (58,888) WILDCAT CORPORATION Partial Income Statement For the Year Ended December 31, 2021 Discontinued operations
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