Business, 24.06.2020 17:01 micahatwood03

Larkspur, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $202000 loss in the year of disposal. The loss on disposal of the segment was $102000. If the tax rate is 30%, and income before income taxes was $1602000,a. net income is $1278000. b. the losses from discontinued operations are reported net of income taxes at $344000.
c. the income tax expense on the income before discontinued operations is $454080.
d. the income from continuing operations is $1102960.

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Larkspur, Inc. disposes of an unprofitable segment of its business. The operation of the segment suf...

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