How to calculate loss on discontinued operations? Balances are from the adjusted trial balance, they're pre-tax, tax

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How to calculate loss on discontinued operations?

Balances are from the adjusted trial balance, they're pre-tax, tax rate is 35%:

Loss due to hurricane (unusual, material and infrequent) 600

COGS 5000

Interest Income 1320

Discontinued division, gain on sale 500

Sales 9000

Rent revenue 150

Selling and administrative expenses 1090

Discontinued division, operating loss during the year 1400

Related Book For answer-question

Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Posted Date: May 08, 2024 09:17 AM

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How to calculate loss on discontinued operations? Balances are from the adjusted trial balance, they're pre-tax, tax

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To calculate the loss on discontinued operations you need to consider the operating loss of the ... View the full answer

Managerial Accounting

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