Cheyenne Corp. has income from continuing operations of $403,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes). 1. An unrealized loss of $83,000 on available-for-sale securities. 2. A gain of $31,800 on the discontinuance of a division (comprised of a $8,800 loss from operations and a $40,600 gain on disposal). Assume all items are subject to income taxes at a 17% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations.

$360,904

Explanation:

Cheyenne Corp

Partial Statement of Comprehensive Income For the Year Ended December 31, 2020

Income from continuing operations $403,000

Discontinued operationsGain on discontinued segment, net of $5,406income taxes $26,394

($31,800×17%=$5,406)

($31,800-$5,406 =$26,394)

Net income $429,394

($403,000+$26,394)

Other comprehensive incomeUnrealized holding loss, on available-for-sale securities, net of $14,110 income tax savings $68,890

($83,000×17%=$14,110)

($83,000-$14,110=$68,890)

Comprehensive income $360,504

($429,394-$68,890)

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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