Current Attempt in Progress For its fiscal year ending October 31, 2022, Blue Spruce Corp. reports the following partial

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Current Attempt in Progress For its fiscal year ending October 31, 2022, Blue Spruce Corp. reports the following partial

Post by answerhappygod »

Current Attempt In Progress For Its Fiscal Year Ending October 31 2022 Blue Spruce Corp Reports The Following Partial 1
Current Attempt In Progress For Its Fiscal Year Ending October 31 2022 Blue Spruce Corp Reports The Following Partial 1 (81.28 KiB) Viewed 30 times
Current Attempt in Progress For its fiscal year ending October 31, 2022, Blue Spruce Corp. reports the following partial data shown below. Income before income taxes $556,200 Income tax expense (20% x $432,600) 86,520 Income from continuing operations 469,680 Loss on discontinued operations 123,600 Net income $346,080 The loss on discontinued operations was comprised of a $51,500 loss from operations and a $72,100 loss from disposal. The income tax rate is 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes. BLUE SPRUCE CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2022 + Income Before Income Taxes 556200 Income Tax Expense + Income from Continuing Operations Discontinued Operations Loss from Operations + Loss on Disposal Net Income /(Loss) $ $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply