What Is Misty S Income From Continuing Operations

What Is Misty S Income From Continuing Operations Misty Company reported the following before tax items during the current year Sales revenue Selling and administrative expenses Restructuring charges Loss on discontinued operations 740 390 80 90 Misty s effective tax rate is 40 What is Misty s income from continuing operations

What is Misty s income from continuing operations 360 198 330 210 Your solution s ready to go Our expert help has broken down your problem into an easy to learn solution you can count on See Answer See Answer See Answer done loading What is Misty s income from continuing operations Misty Company reported the following before tax items during the current year Sales revenue 740 Selling and administrative expenses 390 Restructuring charges 80 Loss on discontinued operations 90 Misty s effective tax rate is 40 What is Misty s income from continuing operations

What Is Misty S Income From Continuing Operations

What Is Misty S Income From Continuing Operations
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Overview Going concerned is an important accounting principle It is an accounting term that explains that a company is financially strong and stable to carry on future business activities Another term that closely relates to the going concern is the continued business operations Continued business operations are those activities that are the main operations of Find step by step Accounting solutions and the answer to the textbook question Misty Company reported the following before tax items during the current year Sales revenue 650 Operating expenses 300 Restructuring charges 40 Loss on discontinued operations 70 Misty s effective tax rate is 20 What is Misty s net income for the current year

What is Misty s income from continuing operations Multiple Choice 270 335 255 465 Here s the best way to solve it Solution 100 What is Net Income from Continuing Operations Net income from continuing operations is a line item on the income statement that notes the after tax earnings that a business has generated from its operational activities Since one time events and the results of discontinued operations are excluded this measure is considered to be a prime indicator of the financial health of a firm s core

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Income from continuing operations is a net income category found on the income statement that accounts for a company s regular business activities Continuing operations refer to all business operations excluding the segments that are discontinued These operations generate revenue for the business through the sale of goods and services The income from the continuing operations is reported in a multi step income statement of the business that accounts for the regular business activities including the tasks required for making a

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Income From Continuing Operations in Millions Of Euros
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What Is Misty S Income From Continuing Operations - What is Misty s income from continuing operations Multiple Choice 270 335 255 465 Here s the best way to solve it Solution 100