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ABC Company had income from continuing operations of $ 8 2 0 , 0 0 0 ( after taxes ) in 2 0 2 3
ABC Company had income from continuing operations of $after taxes in In addition, the following information, which has not been considered, is as follows.
During ABC discovered that it failed to record depreciation in amount of $ in
ABC decided to discontinue its stereo division in During the year, the stereo division had sales revenues of $ and operating expenses of $
The stereo division was sold late in the year for $ The book value of the division's assets was $
Instructions Present in good form a partial income statement for ABC Company inlcuding EPS disclosure for the calendar year starting with "Income from continuing operations." Assume that ABC's tax rate is and shares of common stock were outstanding during the year. abbreviations are acceptable
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