Lupton Inc

question 226

Multiple Choice

Lupton Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $200,000 loss in the year of disposal. The loss on disposal of the segment was $100,000. If the tax rate is 30%, and income before income taxes was $1,600,000,

• A) the income tax expense on the income before discontinued operations is $390,000.
• B) the income from continuing operations is $1,120,000.
• C) net income is $1,300,000.
• D) the losses from discontinued operations are reported net of income taxes at $300,000.

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Definitions:

Mobilization

The process of making someone or something movable or capable of movement, in medical terms often referring to physical therapy practices to increase mobility.

Joint Motion

Involves the range of movement available at a joint, including its flexibility and ability to perform various physical tasks.

Social Activity

Participation in events or interactions with others in social contexts for leisure, recreation, or networking purposes.

Mental Stimulation

Activities or practices that engage the brain, enhancing cognitive functions and potentially delaying the onset of cognitive decline.