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Business, 11.12.2019 23:31 greysonelmore1212

Beacon, inc. disposes of an unprofitable segment of its business. the operation of the segment suffered a $350,000 loss in the year of disposal. the loss on disposal of the segment was $150,000. if the tax rate is 30%, and income before income taxes was $2,300,000, a

the losses from discontinued operations are reported net of income taxes at $3.
b

the income tax expense on the income before discontinued operations is $39.
c the income from continuing operations is $112.
d net income is $13.

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