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1) 6% - During year 3 ABC company agreed to sell a subsidiary. The sale was completed in March year 4 and resulted in a
1) 6% - During year 3 ABC company agreed to sell a subsidiary. The sale was completed in March year 4 and resulted in a gain of $200,000. ABC"s loss in year 3 was $200,000 and $100,000 in year 4. What should ABC report for year 3 and year 4 for the discontinued operations? Show your calculations. Where is this information placed in the financial statements
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