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Business, 15.05.2021 01:00 vanessa791

Trayer Corporation has income from continuing operations of $276,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes). 1. An unrealized loss of $70,000 on available-for-sale securities. 2. A gain of $24,000 on the discontinuance of a division (comprised of a $18,000 loss from operations and a $42,000 gain on disposal). Assume all items are subject to income taxes at a 23% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. (Enter loss using either a negative sign preceding the number e. g. -2,945 or parentheses e. g. (2,945).)

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Trayer Corporation has income from continuing operations of $276,000 for the year ended December 31,...
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