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On December 3 1 , 2 0 2 4 , the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business
On December the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $ million. The robotics business segment qualifies as a component of the entity, according to GAAP. Consider the following additional information:
The book value of the assets of the segment was $ million at the time of the sale.
The income from operations of the segment during was $ million.
Pretax income from other continuing operations for the year totaled $ million.
The income tax rate is
Prepare the lower portion of the income statement beginning with income from continuing operations before income taxes.
REVOLUTIONARY INDUSTRIES
Partial Income Statement
For the Year Ended December
Income from continuing operations before income taxes
Income from continuing operations
Discontinued operations:
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