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Help Please Hello! all the information is included i double checked! Denesik Inc, a U.S. GAAP reporter, provided the following statement of net income on
Help Please
Hello! all the information is included i double checked!
Denesik Inc, a U.S. GAAP reporter, provided the following statement of net income on December 31,2021 , before the disposal of business segment. The income statement includes theresults of operations of Denesik Inc's mobile home division. The company commitment to dispose of the mobile home division in the near future on December 1,2021. \begin{tabular}{|l|} \hline \\ \hline Sales \\ \hline Cost of Goods Sold \\ \hline \end{tabular} 2021 $400 96 The mobile home division accounts for 20% of sales, cpst of goods sold, selling and general and administrative expenses. The other revenue and expenses and the impairment and fire losses do not apply to the discontinued segment. Required: Prepare the income statement for 2021 only, assuming that Denesik Ine sells the segment on December 31th at a $104 pretax loss. (Insert subtractions and losses as negative numbers) Required: Prepare the income statement for 2021 only, assuming that Denesik Inc sells the seament on December 31 st at a $1n4 nrofar Uninsured Fire Loss Income Before Tax Income Tax Expense, Round to nearest dollar Income from Continuing Operations - net of tax Net Loss on Discontinued Operations Net Income (Loss) What was the loss on the sale of the mobile homes division - net of tax? (Insert as a negative number) Step by Step Solution
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