Riverbed Corp has income from continuing operations of $394,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes).1. An unrealized loss of $57,800 on available-for-sale securities.2. A gain of $24,400 on the discontinuance of a division (comprised of a $5,900 loss from operations and a $30,300 gain on disposal).Assume all items are subject to income taxes at a 20% tax rate.Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income.RIVERBED CORPPartial Income Statementchoose the accounting period select an income statement item $enter a dollar amount select an income statement item select an income statement item $enter a dollar amount select an income statement item enter a dollar amount enter a subtotal of the two previous amountsselect an income statement item enter a total amount for the first partRIVERBED CORPStatement of Comprehensive Incomechoose the accounting period select an income statement item enter a dollar amountselect an income statement item select an income statement item enter a dollar amountselect an income statement item $enter a total amount for this statement eTextbook and MediaAssistance Used eTextbook Save for LaterLast saved 4 minutes ago.Saved work will be auto-submitted on the due date.Attempts: 1 of 5 used

The unrealized loss on available-for-sale securities is reported on the Statement of Comprehensive…

Answered: Riverbed Corp has income from…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Riverbed Corp has income from continuing operations of $394,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes).

1.		An unrealized loss of $57,800 on available-for-sale securities.
2.		A gain of $24,400 on the discontinuance of a division (comprised of a $5,900 loss from operations and a $30,300 gain on disposal).

Assume all items are subject to income taxes at a 20% tax rate.

Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income.

RIVERBED CORP Partial Income Statement choose the accounting period
select an income statement item		$enter a dollar amount
select an income statement item
select an income statement item	$enter a dollar amount
select an income statement item	enter a dollar amount
		enter a subtotal of the two previous amounts
select an income statement item		enter a total amount for the first part

RIVERBED CORP Statement of Comprehensive Income choose the accounting period
select an income statement item				enter a dollar amount
select an income statement item
select an income statement item				enter a dollar amount
select an income statement item				$enter a total amount for this statement

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