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Not sure what I'm doing wrong if someone would be able to help me! Thanks :) For its fiscal year ending October 31, 2017, Cheyenne
Not sure what I'm doing wrong if someone would be able to help me! Thanks :)
For its fiscal year ending October 31, 2017, Cheyenne Corp. reports the following partial data shown below. Income before income taxes Income tax expense (16% x $541,000) Income from continuing operations Loss on discontinued operations Net income $645,000 86,560 558,440 133,300 $425,140 The loss on discontinued operations was comprised of a $57,900 loss from operations and a $75,400 loss from disposal. The income tax rate is 16% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes. The loss on discontinued operations was comprised of a $57,900 loss from operations and a $75,400 loss from disposal. The income tax rate is 16% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes. CHEYENNE CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2017 A | Income Before Income Taxes 645000 Income Tax Expense 86560 T Income from Continuing Operations 558440 Discontinued Operations T Loss from Operations 57900 T Loss on Disposal A 75400 133300 Net Income / (Loss) 425140Step by Step Solution
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