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please use cell refernces. A B C D On December 31, 2023, the end of the fiscal year, Standard Microchip Corporation held its semiconductor business
please use cell refernces.
A B C D On December 31, 2023, the end of the fiscal year, Standard Microchip Corporation held its semiconductor business for sale at year-end. The semiconductor business segment qualifies as a component of the entity according to GAAP. Consider the following additional information: Estimated fair value of the segment's assets, less costs to sell, on December 31 Book value of the assets of the segment at the time of the sale Loss from operations of the segment during 2023 Pretax income from other continuing operations for the year Income tax rate $6,000,000 4,800,000 3,900,000 6,840,000 Prepare the lower portion of the 2023 income statement beginning with income from continuing operations before income taxes. Formulas for expenses and losses must return a negative value. STANDARD MICROCHIP CORPORATION Partial Income Statement For the Year Ended December 31, 2023 Income from continuing operations before income taxes Income from continuing operations Discontinued operations: \begin{tabular}{|l|l|l|} \hline & & \\ \hline Income (loss) on discontinued operations & & \\ \hline Net income (loss) & \\ \hline \end{tabular}Step by Step Solution
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