Roni, Inc. held a discontinued operation as of December 31, 2018. The operating loss from the discontinued
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Roni, Inc. held a discontinued operation as of December 31, 2018. The operating loss from the discontinued operation was $200,000 for the period. As of December 31, 2018 the net of the discontinued operations had decreased in fair value by $250,000. Roni's tax rate is 35%. Prepare the discontinued operations part of its income statement.
Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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