6) Canton Corporation reported the following items in its adjusted trial balance for the year...
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Accounting
Canton Corporation reported the following items in its adjusted trial balance for the year ended December : Income from continuing operations before income taxes $ Gain on disposal of discontinued component Loss from operations of discontinued component Canton is subject to a tax rate. Required:Prepare the December income statement for Canton Corporation, starting with income from continuing operations before income taxes.
Canton Corporation reported the following items in its adjusted trial balance for the year ended December :
Income from continuing operations before income taxes $
Gain on disposal of discontinued component
Loss from operations of discontinued component
Canton is subject to a tax rate.
Required:Prepare the December income statement for Canton Corporation, starting with income from continuing operations before income taxes.
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