On December the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $ million. The semiconductor business segment qualifies as a component of the entity according to GAAP. Consider the following additional information.
The book value of the assets of the segment at the time of the sale was $ million.
The loss from operations of the segment during was $ million.
Pretax income from other continuing operations for the year totaled $ million.
The income tax rate is
Prepare the lower portion of the income statement beginning with income from continuing operations before income taxes. Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For example, $ rather than $
tableCALIFORNIA MICROTECH CORPORATION,Partial Income Statement,,For the Year Ended December Income from continuing operations before income taxes,,
