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please solve it before 10 minutes please if possible Waterway Inc. has sold its distribution division in the current year. Waterway has a $135000 loss
please solve it before 10 minutes please if possible
Waterway Inc. has sold its distribution division in the current year. Waterway has a $135000 loss from operation of the distribution division and a gain on sale of the division's assets of $45000. Assuming Waterway has a tax rate of 38%, the results from discontinued operations reported on Waterway's income statement is O loss of $17100 O loss of $55800. loss of $90000 loss of $34200Step by Step Solution
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