Lily Corporation has income from continuing operations of $276,000 for the year ended December 31,2022...
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Accounting
Lily Corporation has income from continuing operations of $276,000 for the year ended December 31,2022 . It also has the following items (before considering income taxes). 1. An unrealized loss of $70,000 on available-for sale securities. 2. A gain of $24,000 on the discontinuance of a division (comprised of a $18,000 loss from operations and a $42,000 gain on disposal). Assume allitems are subject to income taxes at a 23\% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement af coinnrehensive income. (Enter loss using either a negative slgn preceding the number e.g. -2,945 or porentheses eg. (2,945))


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