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The income tax rate is 40 what amount will wilson report as

Wilson, Inc. sold one of its divisions that had been unprofitable for the past two years. The current period loss from operations of this division totaled $30,000. Wilson's sale of the division created a gain of $16,000 on the sale of the division's assets. The income tax rate is 40%. What amount will Wilson report as the income or loss from discontinued operations?

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Accounting Basics: The income tax rate is 40 what amount will wilson report as

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