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25 14 of 24 Marks Sesame Corp. discontinued the operations of its Poppy division in 2020. Sesame's adjusted trial balance at December 31, 2020
25 14 of 24 Marks Sesame Corp. discontinued the operations of its Poppy division in 2020. Sesame's adjusted trial balance at December 31, 2020 included the following: Sales...... Cost of goods sold........ Administrative expenses......... Loss on sale of Poppy equipment........... Sales commissions..... Interest revenue..... Loss of warehouse due to flood... Operating expenses.. Bad debt expense....... Totals........ Debit Credit $170,000 $ 70,000 28,000 11,000 9,000 6,000 15,000 48,000 5,000 $162,000 $176,000 50% of the operating expenses pertain to the Poppy Division. Sesame uses the perpetual system, and their income tax rate is 30%. On Sesame's multiple-step income statement for 2020, income from discontinued operations is Oa. $10,500 O b. $16,800 O c. $24,000 O d. $24,500 Unsure
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