Question: Using intra-period tax allocation apply prepare a partial income statement from the following: income from continuing operations before tax $150,000, gain on discontinued operations $30,000,

Using intra-period tax allocation apply prepare a partial income statement from the following: income from continuing operations before tax $150,000, gain on discontinued operations $30,000, and effective tax rate of 21%. Determine the accrued income tax liability. Would your answer change it was a discontinued operations gain of $30,000

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