Mathematics, 28.03.2021 18:10 because061907
On September 1, 2012, Ramos Inc. approved a plan to dispose of a segment of its
business. Ramos expected that the sale would occur on March 31, 2013, at an
estimated gain of $375,500. The segment had actual and estimated operating profits
(losses as follows):
Please prepare answers to the following questions. Assume a marginal tax rate of 35%
● Realized loss from 1/1/12 to 8/31/12 …… $ 200,000
● Realized loss from 9/1/12 to 12/31/12 ……...$ 135,000
● Expected profit from 1/1/13 to 3/31/13. … $ 475,000
Calculate the amount of income that should be shown on the 2013 income statement
as a result of the operating profit and the gain on disposal (net of tax).
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On September 1, 2012, Ramos Inc. approved a plan to dispose of a segment of its
business. Ramos exp...
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