Homework Answers
Solution
|
Munder Difflin Income Statement for the year ended 2019 |
|
| Income from Continuing Operations : | |
| Sports Drink Division | 50,000 |
| Other Divisions | 200,000 |
| Magic Division | (3000) |
| Income Tax benefit ( 3000* 20%) | 600 |
| Net Income | 247,600 |
Notes : Sports Drink Divisons not sold yet thus, inculding in continuing division.
Assume loss of 3000 from magic division from other factories.
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