The following amounts were taken from the income statement of Tarpon Springs Company for the year ending December 31,2014:
Income from discontinued operations:
In addition,Tarpon Springs reported the following items (all items are before taxes):
The tax rate on all items is 40%.
-Prepare a statement of comprehensive income in a two-statement format.

Question

The following amounts were taken from the income statement of Tarpon Springs Company for the year ending December 31,2014:
  Income from discontinued operations:
  In addition,Tarpon Springs reported the following items (all items are before taxes):
  The tax rate on all items is 40%.
-Prepare a statement of comprehensive income in a two-statement format.

Quizplus · Accepted Answer

The Answer of The following amounts were taken from the income statement of Tarpon Springs Company for the year ending December 31,2014:
  Income from discontinued operations:
  In addition,Tarpon Springs reported the following items (all items are before taxes):
  The tax rate on all items is 40%.
-Prepare a statement of comprehensive income in a two-statement format.

The Following Amounts Were Taken from the Income Statement of Tarpon