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How much will be reported as a loss from ordinary activities of the discontinued segment during 2009 if the tax rate is 30%? On June 1, 2009, Star Company approved a plan to dispose of a business segment. It is expected that the sale will occur on April 30, 2010. On December 31, 2009, the carrying value of the net assets of the segment was P4,000,000 and the net recoverable amount was P3,600,000. During 2009, the company paid employees severance and relocation costs of P200,000 as a direct result of the discontinued operation. The revenues and expenses of the discontinuing segment during 2009 were: Revenues Expenses June 1 to December 31 : 4,400,000 - 5,800,000.



A. 1400

This question is part of practical accounting 1
Asked by John_allen, Last updated: Dec 18, 2019

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2 Answers

deep fry

Deep fry

Answered Oct 31, 2017

1740000 is the answer and 1400 only because you did not include its tax rate

 

John Smith

John Smith

Answered Jan 03, 2017

1400
 2

John Adney

John Adney

Replied on Oct 31, 2017

Why only 1400?

John Adney

John Adney

Replied on Oct 31, 2017

Why only 1400?

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