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Business, 09.09.2019 21:20 1qteg

Trayer corporation has income from continuing operations of $319,000 for the year ended december 31, 2017. it also has the following items (before considering income taxes). 1. an unrealized loss of $58,800 on available-for-sale securities. 2. a gain of $25,300 on the discontinuance of a division (comprised of a $8,200 loss from operations and a $33,500 gain on disposal). 3. a correction of an error in last year’s financial statements that resulted in a $20,000 understatement of 2016 net income. assume all items are subject to income taxes at a 16% tax rate. prepare a statement of comprehensive income, beginning with income from continuing operations. swifty corporation partial statement of comprehensive income $ $ $

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Trayer corporation has income from continuing operations of $319,000 for the year ended december 31,...
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