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Brief Exercise 4 - 6 ( Algo ) Discontinued operations [ LO 4 - 4 ] On December 3 1 , 2 0 2 4
Brief Exercise Algo Discontinued operations LO
On December the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $ million. The robotics business segment qualifies as a component of the entity, according to GAAP. Consider the following additional information:
The book value of the assets of the segment was $ million at the time of the sale.
The income from operations of the segment during was $ million.
Pretax income from other continuing operations for the year totaled $ million.
The income tax rate is
Prepare the lower portion of the income statement beginning with income from continuing operations before income taxes. Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For example, $ rather than $
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