Discontinued operations. (LO 1) Use the following information to construct a partial income statement beginning with income
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Discontinued operations. (LO 1)
Use the following information to construct a partial income statement beginning with income from continuing operations.
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Income from continuing operations Loss during the year from operation of discontinued operations Tax benefit of loss Loss from sale of discontinued operations Tax savings from loss on the sale $310.000 75,000 19,400 105,750 32,000
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