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[ The following information applies to the questions displayed below. ] Selected account balances from the adjusted trial balance for Olinda Corporation as of its
The following information applies to the questions displayed below.
Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar yearend December follow. Assume that the company's income tax rate is for all items.
tableDebit,Credita Interest revenue,,$ b Depreciation expenseEquipment,$ c Loss on sale of equipment,d Accounts payable,,e Other operating expenses,f Accumulated depreciationEquipment,,g Gain from settlement of lawsuit,,h Accumulated depreciationBuildings,,i Loss from operating a discontinued segment pretaxj Gain on insurance recovery of tornado damage,,k Net sales,,l Depreciation expenseBuildings,m Correction of overstatement of prior year's sales pretaxn Gain on sale of discontinued segment's assets pretaxo Loss from settlement of lawsuit,p Income tax expense,?,q Cost of goods sold,
Problem AA Static Part
What is the total amount of aftertax income loss associated with the discontinued segment?
Aftertax income from discontinued segment
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