Hamilton Corp. had the following infrequent income statement items during 2009:
$\bullet$$45,000 of dividends received from a stock investment
$\bullet$$20,000 gain on the sale of a plant asset which became outdated because of new technology
$\bullet$$19,000 loss due to the sale of treasury stock at a price less than its original cost
$\bullet$$34,000 fair value adjustment increase to market for available-for-sale investments
$\bullet$$50,000 interest expense for the year of which only $42,000 was actually paid
How much should Hamilton report as a component of 'income from continuing operations'?

Question

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The Answer of Hamilton Corp. had the following infrequent income statement items during 2009:
$\bullet$$45,000 of dividends received from a stock investment
$\bullet$$20,000 gain on the sale of a plant asset which became outdated because of new technology
$\bullet$$19,000 loss due to the sale of treasury stock at a price less than its original cost
$\bullet$$34,000 fair value adjustment increase to market for available-for-sale investments
$\bullet$$50,000 interest expense for the year of which only $42,000 was actually paid
How much should Hamilton report as a component of 'income from continuing operations'?

Hamilton Corp ∙\bullet∙ $45,000 of Dividends Received from a Stock Investment ∙\bullet∙

Hamilton Corp $\bullet$ $45,000 of Dividends Received from a Stock Investment $\bullet$