Use the following information for questions For Pear Limited, events and transactions during 2015 included the following.The tax rate for all items is 30%. 1)Depreciation for 2014 was found to be understated by $30,000. 2)A strike by the employees of a supplier resulted in a loss of $20,000. 3)The inventory at December 31, 2013 was overstated by $40,000. 4)A flood destroyed a building that had a book value of $400,000.Floods are very uncommon in that area.
-Sesame Corp.'s adjusted trial balance at December 31, 2014 included the following: Sesame uses the perpetual system, and their income tax rate is 30%.On Sesame's multiple- step income statement for 2014, income from discontinued operations is
A)$10,500.
B)$16,800.
C)$24,000.
D)$24,500.

Question

Use the following information for questions For Pear Limited, events and transactions during 2015 included the following.The tax rate for all items is 30%. 1)Depreciation for 2014 was found to be understated by $30,000. 2)A strike by the employees of a supplier resulted in a loss of $20,000. 3)The inventory at December 31, 2013 was overstated by $40,000. 4)A flood destroyed a building that had a book value of $400,000.Floods are very uncommon in that area.
-Sesame Corp.'s adjusted trial balance at December 31, 2014 included the following:  Sesame uses the perpetual system, and their income tax rate is 30%.On Sesame's multiple- step income statement for 2014, income from discontinued operations is
A)$10,500. 
B)$16,800. 
C)$24,000. 
D)$24,500.

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The Answer of Use the following information for questions For Pear Limited, events and transactions during 2015 included the following.The tax rate for all items is 30%. 1)Depreciation for 2014 was found to be understated by $30,000. 2)A strike by the employees of a supplier resulted in a loss of $20,000. 3)The inventory at December 31, 2013 was overstated by $40,000. 4)A flood destroyed a building that had a book value of $400,000.Floods are very uncommon in that area.
-Sesame Corp.'s adjusted trial balance at December 31, 2014 included the following:  Sesame uses the perpetual system, and their income tax rate is 30%.On Sesame's multiple- step income statement for 2014, income from discontinued operations is
A)$10,500. 
B)$16,800. 
C)$24,000. 
D)$24,500.

Use the Following Information for Questions for Pear Limited, Events