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Help Sava SE The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAA book value of the
Help Sava SE The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAA book value of the assets of the segment was $17 million. The loss from operations of the segment during 2021 was $4.80 mil Pretax income from continuing operations for the year totaled $6.80 million. The income tax rate is 25%. Assume instead the estimated fair value of the segment's assets, less costs to sell, on December 31 was $16 millon rather than $7 millon Prepare the lower portion of the 2021 income statement beginning with income from continuing operations before income Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter yo answers in whole dollars and not in millions.) Income from continuing operations before income taxes Income from continuing operations Discontinued operations: Income (loss) on discontinued operations Net Income (loss)
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