Flags, Inc. had an after tax income from continuing operatio…
Flags, Inc. had an after tax income from continuing operations of $500,000 for the year. During the year, Flags disposed of its Bunting division at a pretax loss of $75,000. Prior to disposal, the Bunting division operated at a pretax loss of $150,000 for the year. Assume a tax rate of 25%. What is Flags, Inc. net income for the year?
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