Betta Group had a loss from discontinued operations of $170,000. If their corporate tax rate is 40%, at what amount will the loss be shown on the Income Statement?
A) $170,000
B) $102,000
C) $68,000
D) Not enough information is given to answer the question.
B) $102,000
Explanation: loss - (loss × rate); ex: $170,000 - ($170,000 × 40%) = $102,000
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