During the current year, Newtech Corporation sold a segment of its business at a loss of $ Until it was sold, the segment had a current period operating loss of $ The company had $ from continuing operations for the current year.
Prepare the lower part of the income statement, beginning with the $ income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a income tax rate. Disregard earnings per share disclosures.
tabletableNewtech CorporationPartial Income StatementCurrent YearIncome from continuing operations,,$Discontinued operationsLoss from operations of discontinued segment net of tax$Loss on disposal of discontinued segment net of taxNet income,,$
