Business
Business, 28.05.2020 00:59, amakayla57

Cheyenne Corp. has income from continuing operations of $403,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes). 1. An unrealized loss of $83,000 on available-for-sale securities. 2. A gain of $31,800 on the discontinuance of a division (comprised of a $8,800 loss from operations and a $40,600 gain on disposal). 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.

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Cheyenne Corp. has income from continuing operations of $403,000 for the year ended December 31, 202...

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