For its fiscal year ending October 31, 2017, Haas Corporation reports the following parital data...
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Accounting
For its fiscal year ending October 31, 2017, Haas Corporation reports the following parital data shown below.
Income before income taxes $590,000
Income tax expense (25% X 461,000) 115,250
Income from continuing operation 474,750
Loss on discontinued operations 129,000
Net Income $345,750
The loss on discontinued operations was compromised of a $58,000 loss form operations and a $71,000 loss on disposal. The income tax rate is 25% on all items.
A. Prepare a correct statement of comprehensive income beginning with income before income taxes.
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