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What is the net income for the year for ortiz co

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Ortiz Co.had income from continuing operations of $1,600,000 in 2018. During 2018, it disposed of its restaurant division at an after-tax gain (net of tax) of $190,000. Prior to disposal, the division operated at a loss of $320,000 (net of tax) in 2018 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation).

Problem 1: What is the net income for the year ended 31-12-2018?

Select one:

a. $1,090,000
b. $2,110,000
c. $1,470,000
d. $1,730,000

Reference no: EM132677701

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