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Howard Company's 2024 income from continuing operations before income taves was $280,000. Howard Company reported before-tax income on discontinued operations of $79,000. All tax items
Howard Company's 2024 income from continuing operations before income taves was $280,000. Howard Company reported before-tax income on discontinued operations of $79,000. All tax items are subject to a 25% tax rate In is income statement for 2024, Howard Company would show the following line-item amounts for income tax expense and net income
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1399.000 and $299.750 respectively
$70 000 mnd $269.750 respective
$269.250 and $70,900 respectively
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