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Compute the income or loss from continuing operations

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Problem - A company decided to sell its sporting goods business segment for $700, on September 1, 20X1, which is also the disposal date. The book value of the segment's net assets is $900 on this date. The pre-tax loss for the segment for the period from January 1 to September 1, 20X1, was $800. Net income (after tax) is $3,600. Income tax rate is 40%. Compute the income or loss from continuing operations before income taxes?

Reference no: EM132791448

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