Danio's Diagnostics Had a Loss from Discontinued Operations of $130,000

question 102

Multiple Choice

Danio's Diagnostics had a loss from discontinued operations of $130,000. If their corporate tax rate is 40%, at what amount will the loss be shown on the Income Statement?

• A)$130,000
• B)$78,000
• C)$52,000
• D)Not enough information is given to answer the question.

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Definitions:

Subcontracting

The practice of assigning or outsourcing parts of the contractual work to third parties, often to leverage specialized skills or achieve cost efficiencies.

Inventory

The goods or materials a business holds for the ultimate goal of resale or production.

Aggregate Planner

A tool or process used to determine the optimum levels of production, inventory, and workforce required to meet forecasted demand while minimizing costs.

Basic Strategies

Fundamental approaches or methods applied in planning and decision-making to achieve desired business outcomes or objectives.