Eaton inc disposes of an unprofitable segment of its


Eaton, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $360,000 loss in the year of disposal. The loss on disposal of the segment was $180,000. If the tax rate is 30%, and income before income taxes was $2,250,000

A. the income tax expense on the income before discontinued operations is $513,000.

B. the income from continuing operations is $1,575,000.

C. net income is $1,710,000.

D. the losses from discontinued operations are reported net of income taxes at $270,000.

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Eaton inc disposes of an unprofitable segment of its
Reference No:- TGS01047287

Expected delivery within 24 Hours