Business, 13.12.2019 21:31 alizeleach0123

Blue spruce corp. has income from continuing operations of $437,000 for the year ended december 31, 2020. it also has the following items (before considering income taxes).

1. an unrealized loss of $50,700 on available-for-sale securities.
2. a gain of $24,000 on the discontinuance of a division (comprised of a $9,100 loss from operations and a $33,100 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 18% tax rate. prepare a statement of comprehensive income, beginning with income from continuing operations.

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Blue spruce corp. has income from continuing operations of $437,000 for the year ended december 31,...