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ework Saved [The following information applies to the questions displayed below.] Selected account balances from the adjusted trial balance for Olinda Corporation as of
ework Saved [The following information applies to the questions displayed below.] Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment - Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating a discontinued segment (pretax) j. Gain on Insurance recovery of tornado damage k. Net sales Debit Credit $ 15,700 $ 35,700 27,550 45,700 108,100 73,300 45,700 177,900 19,950 30,820 1,015,500 1. Depreciation expense-Buildings 53,700 . Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax)) o. Loss from settlement of lawsuit 17,700 42,500 25,450 B. Income tax expense 9. Cost of goods sold 7 499,500 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? Attur tax income from discontinued segment e to search ii 0 LC NO 9 < Prev 20 21 of 21 Next > LC 52%
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