BE 4.08 – California Microtech Corporation

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Difficulty – Medium

Given the sale of the business, the book value, the loss from operations, the pretax income, the income tax rate, and the estimated fair value of assets... prepare the bottom half of the income statement.

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  • Search Terms: $ assets, assume at be before beginning ber but continuing costs decem described disclosures. during eps estimated fair for from held ignore in income less lower million. not of on operations portion prepare refer sale segment segment’s sell, semiconductor situation sold statement taxes. that the to value was with year-end. –.
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