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The Ayayai Corporation had income from continuing operations of $ 13 million in 2020. During 2020, it disposed of its restaurant division at a loss
The Ayayai Corporation had income from continuing operations of $ 13 million in 2020. During 2020, it disposed of its restaurant division at a loss of $ 95,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $ 205,000 (net of tax of $135,000) in 2020. Ayayai also had an unrealized gain-OCI of $ 44,000 (net of tax of $18,000) related to its FV-OCI equity investments. Ayayai had 10 million common shares outstanding during 2020. Prepare a partial statement of financial performance for Ayayai, beginning with income from continuing operations. Ayayai Corporation Partial Statement of Comprehensive Income
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