Business, 07.04.2020 15:58, ashiteru123

Wray Company has income before income taxes of $350,000 and a loss on disposal of a discontinued operation of $70,000. If the income tax rate is 30%, the income statement should show "Income from continuing operations" and "Loss on disposal of discontinued operation", respectively, of: Select one: a. $350,000 and ($49,000) b. $350,000 and ($70,000) c. $245,000 and ($70,000) d. $245,000 and ($49,000)

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Wray Company has income before income taxes of $350,000 and a loss on disposal of a discontinued ope...