P had income before tax from continuing operations of $15287 during 2025 During 2025 P...

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• P had income before tax from continuing operations of $15287 during 2025 • During 2025 P disposed of a division that qualified as a component of an entity at a before tax gain (loss) of $-200 • The division had an operating gain (loss) before tax of $144 prior to the sale in 2025 • Assume a tax rate of 19% • Calculate the following amounts for P for 2025 o Income (loss) from continuing operation, net of tax: • Income (loss) from discontinued operations, net of tax: o Net income (loss): X X X • P had income before tax from continuing operations of $15287 during 2025 • During 2025 P disposed of a division that qualified as a component of an entity at a before tax gain (loss) of $-200 • The division had an operating gain (loss) before tax of $144 prior to the sale in 2025 • Assume a tax rate of 19% • Calculate the following amounts for P for 2025 o Income (loss) from continuing operation, net of tax: • Income (loss) from discontinued operations, net of tax: o Net income (loss): X X X

Answer rating: 100% (QA)

To calculate the income loss from continuing operations net of tax we need to apply the ta... View the full answer