Business, 16.10.2019 02:30 maddo36

Merrell corp. discontinued a component of its business on october 17. for the year, the discontinued component had operating income of $4,000,000. at the time of the sale, the assets of the discontinued component had book values of $10,000,000 and were sold for $12,000,000. income from operations of the continuing parts of the company were $14,000,000 for the year. assuming a 40% tax rate, what amount would merrell report as income from discontinued operations?

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Merrell corp. discontinued a component of its business on october 17. for the year, the discontinued...

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