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6. Quebec Inc. disposes of an unprofitable segment of a. b. C. d. its business. The operation of the segment suffered a $196000 loss in
6. Quebec Inc. disposes of an unprofitable segment of a. b. C. d. its business. The operation of the segment suffered a $196000 loss in the year of disposal. The loss on disposal of the segment was $102000. If the tax rate is 30%, and income before income taxes was $1,500,000, the income tax expense on the income before discontinued operations is $387,400. the income after taxes from continuing operations is $1,050,000. net income is $1,202,000. the losses from discontinued operations are reported net of income taxes at $2,98,000. e. the income tax expense on the discontinued operations is $89,400
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