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plz solve!!! Gulf sands LLC Company had two operating divisions. One division manufactured washing machine and the division manufactured refrigerators. As per GAAP S. each
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Gulf sands LLC Company had two operating divisions. One division manufactured washing machine and the division manufactured refrigerators. As per GAAP S. each division is considered separate segment. The thing machine division, to date, has not been a profitable business segment for the company. As such, on September 15 2018. the company created a plan to dispone of the sets of the washing machine division. These com on December 1st December 2016 at a price of RO 850,000. The book value of the divisions was on The division incurred a before tax operating profit from operations of RO 150.000 hom the beginning of the yea through December 1" 2018. The after-tax income from continuing operation is RO 100,000 for 2016. The income rate for the company is 35% Calculate the Net effect on the disposal of segments Profit OMR SO.000 LOSS OMR 2.500 None of the listed choices Lots ORSO b. Calculate the income tax benefits/expenses from the segment None of the listed choices Benefit OMR 17500 Expenses OMR 17.500 Expenses OMR 32,500 Calculate the net income for the year 2018, None of the listed choices OMR 267,500 OMR 332,500 OMR 300,000 Step by Step Solution
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