On December the end of the fiscal year, California Microtech Corporation held its semiconductor business for sale at yearend. The estimated fair value of the segment's assets, less costs to sell, on December was $ million. The semiconductor business segment qualifies as a component of the entity according to GAAP. Consider the following additional information.
The book value of the assets of the segment at the time of the sale was $ million.
The loss from operations of the segment during was $ million.
Pretax income from other continuing operations for the year totaled $ million.
The income tax rate is
Prepare the lower portion of the income statement beginning with income from continuing operations before income taxes. Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For example, $ rather than $
tableCALIFORNIA MICROTECH CORPORATIONPartial Income StatementtableFor the Year Ended December Income from continuing operations before income taxes,,$
