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nment HY INSTRUCTOR FALL SCREE PRNTERVERSON 'BACK ET Question 27 Swifty, Inc. disposes of an unprofitable segment of its business. The operation of the segment

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nment HY INSTRUCTOR FALL SCREE PRNTERVERSON 'BACK ET Question 27 Swifty, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $348000 loss in the year of disposal. The loss on disposal of the segment was $160000. If the tax rate is 20%, and income before income taxes was $2230000. O net income is $1722000. O the income tax expense on the income before discontinued operations is $344400. O the losses from discontinued operations are reported net of income taxes at $160000 O the income from continuing operations is $1784000. Question Attempts: O of 1 used SAVEFOR LATER

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