he fair value of the assets, less costs to sell, was $360,000. The before-tax loss...
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he fair value of the assets, less costs to sell, was $360,000. The before-tax loss from operations of the division for the year was 300,000. The company's effective tax rate is 30%. The after-tax income from continuing operations for 2018 was $560,000 equired: . Prepare a partial income statement for 2018 beginning with income from continuing operations. Ignore EPS disclosures. 2. Prepare a partial income statement for 2018 beginning with income from continuing operations. Assuming that the estimated net fair alue of the horse division's assets was $720,000, instead of $360,000. Ignore EPS disclosures. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a partial income statement for 2018 beginning with income from continuing operations. Assuming that the estimated net fair value of the horse division's assets was $720,000, instead of $360,000. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) KANDON ENTERPRISES, INC. Partial Income Statement For the Year Ended December 31, 2018 Income from continuing operations Discontinued operations gain (loss): Required! Required 2
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