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Karam Corporation had income from continuing operations of $1,800,000 in 2015. During 2015 it disposed of its repair division at a pre-tax gain of
Karam Corporation had income from continuing operations of $1,800,000 in 2015. During 2015 it disposed of its repair division at a pre-tax gain of $27,000. Prior to disposal, the division operated at a pre- tax loss of $45,000. The tax rate was 30%. What is the net income for 2015?
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
