Question

how do you calculate loss on discontined operations net of tax

how do you calculate loss on discontined operations net of tax

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Answer #1

Format for calculation of loss on discontinued operations net of tax :-

Income from Continued operations (Before Tax) XXXX

Income Tax     (XXXX)

Income from Continued operations (After Tax) (A)    XXXX

Discontinued Operations

Loss from operations of product line that has been discontinued (XXXX)

Royal Benefits (if any) XXXX

Income Tax Benefits (Tax saving on loss) XXXX

Loss on Discontinued Operations (B)    (XXXX)

NET INCOME (A-B) XXXX

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