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    R-yaaqba's Avatar
    R-yaaqba Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 13, 2009, 12:08 PM
    Prepare income statement
    NET income from operation... 55000000... management decide to disposed restaurant division at pretax loss of.. 270000... the division operated at a pretax loss of.. 450000... tax rate 70%
    Prepare partial income statement?? >... :confused::confused:
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Jul 15, 2009, 07:15 AM

    Income statement should be prepared so as to show separately the income from continuing and discontinued operations. Please try and solve the problem and post your answer for correction and advice.
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