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Determine the income from continuing operations calculation

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Reference no: EM132502295

Question 1: Pitchfork sold investments during the year that resulted in a pre-tax loss of $18,000. The company also had unrealized gains on Available for Sale securities of $20,000 (pre-tax). Both of these transactions were excluded in determining the $1,700,000 Income from Continuing Operations calculation.

  • To correct I.C.O. for 2020, the adjustment for gains/losses on investments would be: $[Amount_1]
  • If you want to increase I.C.O., enter your answer as a positive number. To decrease I.C.O., enter your answer as a negative number using () parenthesis.

Reference no: EM132502295

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