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red boxes are incorrect, the options to fill the left boxes are on the last picture Riverbed Corphas income from continuing operations of $ 394,000
red boxes are incorrect, the options to fill the left boxes are on the last picture Riverbed Corphas income from continuing operations of $ 394,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of $ 57,800 on available-for-sale securities. 2. Again of $ 24,400 on the discontinuance of a division (comprised of a $ 5,900 loss from operations and a $ 30,300 gain on disposal). Assume all items are subject to income taxes at a 22% tax rate. Prepare a partial income statement beginning with income from continuing operations. RIVERBED CORP Partial Income Statement For the Year Ended December 31, 2022 Income from Continuing Operations A 394.000 Discontinued Operations Unrealized Loss of Available for Sale Securities $ 57.800 Gain from Disposal 24.400 33400 Net Income /(Loss) 360600 Partial Income Statement For the Year Ended December 31, 2022 $ 57 Other Comprehensive Income Comprehensive Income Retained Earnings Revenue Income Before Income Taxes Unrealized Loss of Available-for-Sale Securities Net Income /(Loss) Income Tax Expense Gain from Disposal Total Revenues Income from Continuing Operations Loss from Operations Dividends Total Expenses Discontinued Operations Expenses 24, Save for Later
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