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solve it fast National LLC Company had two operating divisions. One division manufactures mobile phones and the other division manufactures television. As per GAAP S,
solve it fast National LLC Company had two operating divisions. One division manufactures mobile phones and the other division manufactures television. As per GAAP S, each division is considered separate segments. The mobile phone division, to date, has not been a profitable business segment for the company, As such, on September 1st, 2018 the company created a plan to dispose of the assets of the mobile phone division. The sale was completed on December 1st December 2018 for OMR 850,000. The book value of the division's assets was OMR 3,150,000. The income tax rate for the company is 35% Calculate the net result of a discontinued operation OMR 2,850,000 None of the listed choices Profit or loss attributable to ordinary equity sharehok OMR 1,852,500 Profit after tax minus Preference dividends paid, OMR 2,300,000
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