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0.5 points QUESTION 2 On October 28, 2013, Mercedes Company committed to a plan to sell a division that qualied as a component of the
0.5 points QUESTION 2 On October 28, 2013, Mercedes Company committed to a plan to sell a division that qualied as a component of the entity according to GAAP regarding discontinued operations and was properly classied as held for sale on December 31, 2013, the end of the company's scal year. The division's loss from operations for 2013 was $2,000,000. The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $2,500,000, respectively. What beforetax amountis} should Mercedes report as loss on discontinued operations in its 2013 income statement? F\" c [5. $2,000,000 loss $2,500,000 loss None. $500,000 impairment loss included in continuing operations and a $2,000,000 loss from discontinued operations
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