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Required: (a) Does the expropriation of the land transaction require special presentation on the comprehensive income statement? Explain. (2 marks) (b) Prepare the comprehensive income

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Required: (a) Does the expropriation of the land transaction require special presentation on the comprehensive income statement? Explain. (2 marks) (b) Prepare the comprehensive income statement for TMT Corporation for Year 4, beginning with income from continuing operations before tax (i.e. the $368 million and the $260 million above). Also show the comparative amounts for Year 3. (18 marks)

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