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Question 58 1.5 pts Use the following information to determine Income from Continuing Operations for the year ended December 31, 2020. All accounts have normal

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Question 58 1.5 pts Use the following information to determine Income from Continuing Operations for the year ended December 31, 2020. All accounts have normal balances. Sales Revenue $2,000,000 Interest Revenue 50,000 COGS Sold 1,000,000 Selling and Administrative expenses 200,000 Realized gain on sale of investments 10,000 Loss on Discontinued Operations (net of taxes) 100,000 Tax Rate is equal to 20% $860,000 O $640,000 $688,000 172.000 Question 59 1.5 pts Income before any of the following items is $500,000. (All numbers are net of taxes.) Unrealized gain on Trading Securities $200,000 Unrealized gain on Debt Available-for-sale Securities (OCI) 100,000 Realized loss on Discontinued Operations 400,000 At the end of the period, how much is closed to Accumulated Other Comprehensive Income? O $400,000 $100,000 $200,000 $300.000

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