Current Attempt in Progress The ledger of Blossom Corporation at November 30, 2024, contains the...
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Current Attempt in Progress The ledger of Blossom Corporation at November 30, 2024, contains the following summary data: Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $15,000 before income tax. The division was sold at a loss of $70,000 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1,2023 , with no changes during the year. BLOSSOM CORPORATION Income Statement $ Prepare a statement of comprehensive income as a separate statement
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