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View Policies Current Attempt in Progress Trayer Corporation has income from continuing operations of $403,000 for the year ended December 31, 2017. It also has
View Policies Current Attempt in Progress Trayer Corporation has income from continuing operations of $403,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes) 1 2 An unrealized loss of $83.000 on available for sale securities. Again of $31,800 on the discontinuance of a division (comprised of a $8.800 loss from operations and a $40,600 gain on disposal) A correction of an error in last year'shnancial statements that resulted in a $20,000 understatement of 2016 net income. 3. Assume all items are subject to income taxes at a 17% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations Assume all items are subject to income taxes at a 17% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. CHEYENNE CORP Partial Statement of Comprehensive Income . $ $
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