Wenger Company reported income before taxes of $1,200,000 and a discontinued operations loss of $300,000. Assume that the company's tax rate is 30%. What amounts will be reported on the income statement for income from continuing operations and a discontinued operations loss, respectively?
A) $840,000 and $300,000
B) $840,000 and $210,000
C) $990,000 and $300,000
D) $990,000 and $210,000
Correct Answer:
Verified
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