What amount of net gain from discontinued operations

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Reference no: EM131260930

During January 2015, Doe Corp. agreed to sell the assests and product line of its hart division. the sale was completed on January 15, 2016, on that date, Doe recognized a fain on disposal of 900,000. Harts operating losses were 600,000 for 2015 and 50,000 for the period January 1 thru January 15, 2016. The income tax rate is % 40. What amount of net gain (loss) from discontinued operations should be reported in Doe's comparative 2016 and 2015 income statement.

Reference no: EM131260930

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What amount of net gain from discontinued operations : During January 2015, Doe Corp. agreed to sell the assests and product line of its hart division. the sale was completed on January 15, 2016, on that date, Doe recognized a fain on disposal of 900,000. Harts operating losses were 600,000 for 2015 and ..

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