Grouper Corp. has income from continuing operations of $ 249,400 for the year ended December...
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Accounting
Grouper Corp. has income from continuing operations of $ 249,400 for the year ended December 31, 2022. It also has the following items (before considering income taxes).
| 1. | An unrealized loss of $ 68,800 on available-for-sale securities. | |
| 2. | A gain of $ 25,800 on the discontinuance of a division (comprised of a $ 8,600 loss from operations and a $ 34,400 gain on disposal). |
Assume all items are subject to income taxes at a 20% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations.
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