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The following financial information is related to Bonita Group, a service company. Revenues 768,000 Income from continuing operations 96,000 Comprehensive income 115,200 Net income
The following financial information is related to Bonita Group, a service company. Revenues 768,000 Income from continuing operations 96,000 Comprehensive income 115,200 Net income 86,400 Income from operations 211,200 Selling and administrative expenses 480,000 Income before income tax 192,000 Compute the following: (a) Other income and expense 76800 (b) Financing costs 19200 (c) Income tax 105600 (d) Discontinued operations 9600 (e) Other comprehensive income 28800
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