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Prepare a partial income statement for KC

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Question - KC Corporation had after tax income from continuing operations of $55,000 for the year. During the year, it disposed of its restaurant division at a pretax loss of $270. Prior to disposal, the division operated at a pretax loss of $450 for the year. Assume a tax rate of 30%. Prepare a partial income statement for KC.

Reference no: EM133101308

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