Revenues 800,000 Income from continuing operations 100,000 Comprehensive income 120,000 Net income 90,000  Income from operations 220,000 Selling and administrative expenses 500,000 Income before income tax 200,000 Required: Calculate the following:  i. Other income and expenses  ii. Financing costs  iii. Income tax  iv. Discontinued operations  v. Other comprehensive income

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Revenues 800,000
Income from continuing operations 100,000
Comprehensive income 120,000
Net income 90,000 
Income from operations 220,000
Selling and administrative expenses 500,000
Income before income tax 200,000
Required: Calculate the following: 
i. Other income and expenses 
ii. Financing costs 
iii. Income tax 
iv. Discontinued operations 
v. Other comprehensive income 

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