Weiss Inc. reported income from continuing operations of $87,000 and a loss from discontinued operations of $16,000

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Weiss Inc. reported income from continuing operations of $87,000 and a loss from discontinued operations of $16,000 in 2017, all before income taxes. All items are fully taxable and deductible for tax purposes. Prepare the bottom of the income statement for Weiss Inc., beginning with income from continuing operations before income tax. Assume a tax rate of 25%.
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Intermediate Accounting

ISBN: 978-1119048541

11th Canadian edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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