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What is coronasux tax on continuing operations

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Reference no: EM132560484

Question - Coronasux, Inc. had revenue of $500,000, COGS of $375,000, Operating expenses of $50,000, purchase of fixed assets of $85,000, dividends of $4,000, a loss from discontinued operations of $10,000 and an unrealized gain from available for sale securities of $20,000. All of the preceding numbers are pre-tax and there is a tax rate of 25%. Based upon these facts (there will be a lot of questions with these facts, consider jotting them down):

1. What is Coronasux' Tax On Continuing Operations?

2. What is Coronasux' Other Comprehensive Income (OCI) Net Of Tax?

3. What is Coronasux' Comprehensive Income?

Reference no: EM132560484

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