Question
The Piggy Company reported the following items and things for Year4: $300,000 Sales revenue in Year 4 $120,000 Cost of goods solddddd $100,000 SG&A $
The Piggy Company reported the following items and things for Year4: $300,000 Sales revenue in Year 4 $120,000 Cost of goods solddddd $100,000 SG&A $ 25,000 Gain from discontinued operationssss
Assume an income tax rate of 20% for this problem
1. What is the gross margin for year 4? 2. What is net income from continuing operation for year 4? 3. What is net income from discontinued operation for year 4? 4. What is net income for year 4?
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The Routledge Companion To Accounting And Risk
Authors: Margaret Woods
1st Edition
1138860123, 9781138860124
