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

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

Section: Chapter Questions

Problem 1Q

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