Solved: Apex reported income from continuing operations of 128387, Accounting Basics

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Apex reported income from continuing operations of 128387

Question - During the year, Apex Co. sold an unprofitable component of the company. The component had a net loss from operations during the period of $150,000 and its assets sold at a loss of $100,000. Apex reported income from continuing operations of $128,387. All items are taxed at 30%. How would this item appear in the income statement?

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Accounting Basics: Apex reported income from continuing operations of 128387

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Accounting Basics: Apex reported income from continuing operations of 128387

Reference No:- TGS02858797

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