ABZ LLC Company compiled the following financial information as of December 31, 2020: Income from continuing operation OMR 100,000,000 Loss from discontinued operation OMR 40,000,000 Income from discontinued operation OMR 10,000,000 Tax rate@ 30% Calculate the net income of ABZ LLC as on December 31, 2020. OMR 21,000,000 OMR 79,000,000 OMR 9,000,00O None of the listed choices

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ABZ LLC Company compiled the following financial information as of December 31, 2020:
Income from continuing operation OMR 100,000,000
Loss from discontinued operation OMR 40,000,000
Income from discontinued operation OMR 10,000,000
Tax rate@ 30%
Calculate the net income of ABZ LLC as on December 31, 2020.
OMR 21,000,000
OMR 79,000,000
OMR 9,000,00O
None of the listed choices
Transcribed Image Text:ABZ LLC Company compiled the following financial information as of December 31, 2020: Income from continuing operation OMR 100,000,000 Loss from discontinued operation OMR 40,000,000 Income from discontinued operation OMR 10,000,000 Tax rate@ 30% Calculate the net income of ABZ LLC as on December 31, 2020. OMR 21,000,000 OMR 79,000,000 OMR 9,000,00O None of the listed choices
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