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What the monique after-tax income from continuing operations

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Reference no: EM132971270

Question - Monique Company had net income of P700,000 for the year ended December 31, 2020 after giving effect to the following events which occurred during the year:

The decision was made January 2 to discontinue the travel agency segment.

The travel agency segment was sold June 30.

Operating loss from January 1, to June 30 for the travel agency segment amounted to P60,000 before tax benefit.

Travel agency assets with a book value of P350,000 were sold for P200,000 Gary's tax rate was 40% for 2020.

For the year ended December 31, 2020, what the Monique's after-tax income from continuing operations?

Reference no: EM132971270

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