PAC Strategic Inc. has sold its baby food division in the current year. PAC has a...

 

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PAC Strategic Inc. has sold its baby food division in the current year. PAC has a $35,000 loss from operation of the baby food division and a loss on sale of the division's assets of $20,000. Assuming PAC has a tax rate of 30%, the total loss from discontinued operations reported on PAC's income statement is O $38,500. O $55,000. $16,500. O $44,500. PAC Strategic Inc. has sold its baby food division in the current year. PAC has a $35,000 loss from operation of the baby food division and a loss on sale of the division's assets of $20,000. Assuming PAC has a tax rate of 30%, the total loss from discontinued operations reported on PAC's income statement is O $38,500. O $55,000. $16,500. O $44,500.