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how you got the $430,000? my question is how did you get $430,000 from expeses (including tax from continuing operations). i want to know the
how you got the $430,000?
my question is how did you get $430,000 from expeses (including tax from continuing operations). i want to know the math computation.
Rasmey Imbut Chapter 12 18.3 Wabash Ioan, had revenues and expenses from onging business Operation for the Corrent year of 640goo. respectively. During the year the company sold a division thad had revenues of $160,000 and expenses of $75000. The didision was sold at a loss of $55,000. All items Sutject to an income tax rate of 40%. Prepare an abreviated Income statement for Wabash Inc. for the year. Wabash Inc, Income Statement For the year ended december 31, 2018. Revenues: Expenses (Tacluding tow on Coolining op. Income from Continuing on Discontinue Opection Operating home (vet of pecharme tox) Loss on sale of frisson (55,000x40%) Net Income $480,000 (400,000). 50,000 $15,000 (33000) (18,000) $32,000 - - --- 55000 3300 Divion Logs = 55200 x Yo% - 23000 10000 Tax benefit. Operacting Income: Note: Revenue 100.000 Expense 25,000 home below 2500 o 2 25000 saling 10000 =15.000 time after tayStep by Step Solution
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