Question: Question 30 View Policies Current Attempt In Progress Bramble, Inc, disposes of an unprofitable segment of its business. The operation of the segment suffered a

 Question 30 View Policies Current Attempt In Progress Bramble, Inc, disposes

Question 30 View Policies Current Attempt In Progress Bramble, Inc, disposes of an unprofitable segment of its business. The operation of the segment suffered a $350000 loss in the year of disposal. The loss on disposal of the segment was $143000. If the tax rate is 40% and income before income taxes was $2270000, the income tax expense on the income before discontinuehoperations is $710800 the losses from discontinued operations are reported net of income taxes at $143000, net income is $1777000, the income from continuing operations is $1362000. Save for Later Attempts: 0 of 1 used Submit Answer In the Waterway Company, land decreased $81500 because of a cash sale for $81500, the equipment account increased $34000 as a result of a cash purchase, and Bonds Payable increased $60500 from an issuance for cash at face value. The net cash provided by investing activities is $47500 $168000 $81500 $26500 Attempts: 0 of 1 used Tout Content Submit Answer Your grade has been recorded in the Gradebook Thu, Ar 16, 2020, 7:23:09 PM (America/New York 04.00) Next >

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