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Selected account balances from the adjusted trial balance for Ollnda Corporation as of its calendar year-end December 31, 2017, follow Debit Credit $ 14, 28e
Selected account balances from the adjusted trial balance for Ollnda Corporation as of its calendar year-end December 31, 2017, follow Debit Credit $ 14, 28e a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit p. Income taxes expense q. Cost of goods sold $34,28 26,859 44, 28e 186,68e 71,886 44, 288 174,98e 18,450 29,328 1,80e,580 52,28e 16, 288 23,958 484, 508 35,88 Problem 17-6 Part 1 Requlrec 1. Assume that the company's Income tax rate is 30% for all items. Compute the tax effects and after-tax amounts of the three items labeled pretax. Pretax 3096 Tax Effect | After-Tax Loss from operating a discontinued segment Correction of overstatement of Gain on sale of discontinued segment's assets prior year's sales
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