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Question 6 of 7 3.44/5 View Policies Show Attempt History Current Attempt in Progress 2...

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Accounting

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Question 6 of 7 3.44/5 View Policies Show Attempt History Current Attempt in Progress 2 Your answer is partially correct. Monty Corp. has income from continuing operations of $414,000 for the year ended December 31,2020 . It also has the following items (before considering income taxes). 1. An unrealized loss of $71.800 on available-for-sale securities. 2. A gain of $33,000 on the discontinuance of a division (comprised of a $10,000 loss from operations and a $43,000 gain on disposal). Assume all items are subject to income taxes at a 24% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. MONTY CORP. Partial Statement of Comprehensive Income For tQ Vear Ended December 31,2020 Income from Continaing Operations $. 414000 Discontinutd Operstions

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