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Calculate income from continuing operations

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Reference no: EM132822812

Question - Skysong, Inc.. follows IFRS and has the following amounts for the year ended December 31, 2020: gain on sale of FV-NI investments (before tax), $14,400; loss from operation of discontinued division (net of tax), $40,200; income from operations (before tax), $201,600; unrealized holding gain-OCI (net of tax), $11,400; income tax on income from continuing operations, $60,100; loss from disposal of discontinued division (net of tax), $71,500. The unrealized holding gain-OCI relates to investments that are not quoted in an active market.

Required -

1. Calculate income from continuing operations.

2. Calculate net income.

3. Calculate other comprehensive income.

4. Calculate comprehensive income.

Reference no: EM132822812

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