Question
PB&J Company reports the following items as part of its financial results: Sales revenues from regular business operations $2,800,000 Cost of goods sold Operating
PB&J Company reports the following items as part of its financial results: Sales revenues from regular business operations $2,800,000 Cost of goods sold Operating expenses from regular business operations 750,000 400,000 Loss on disposal of several items of property, plant, and equipment Income tax rate Gain on the termination of a discontinued business segment 15,000 35% 51,000 How much is the income/(loss) from continuing operations, after tax? OA. $1,625,000 OB. $1,072,500 C. $1,095,900 OD. $1,062,750
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