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Discontinued Operations Example: Company Comfort has income from continuing operations of $ 700 million. During the year it disposed-off one of its segments Segment A

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Discontinued Operations Example: Company Comfort has income from continuing operations of $ 700 million. During the year it disposed-off one of its segments Segment A for $ 120 million. The segment of the business earned revenue of $ 200 million and incurred costs of $ 150 million. Its book value was $ 100 million. Tax rate applicable to the company overall and the segment is 35%. Present net income for the period for the company in proper format

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