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  3. 6. on september 1, 2018, rock inc. approved a plan

6. On September 1, 2018, Rock Inc. approved a plan to dispose of a segment...

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6. On September 1, 2018, Rock Inc. approved a plan to dispose of a segment of its business Rock expected that the sale would occur on March 31, 2019, at an estimated gain of $350,000 The segment had actual and estimated operating profits (losses as follows) $(300,000) (200,000) 400,000 Realized loss from 1/1/18 to 8/31/18 Realized loss from 9/1/18 to 12/31/18 Expected profit from 1/1/19 to 3/31/19 Assume a marginal tax rate of 30%. In its 2018 income statement, what should Rock report as profit or loss from discontinued operations (net of tax effects)

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