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ABC, Inc. sells its unprofitable Division U at a gain of $20,000. Before the sale, Division U had a net loss of $50,000 for the

ABC, Inc. sells its unprofitable Division U at a gain of $20,000. Before the sale, Division U had a net loss of $50,000 for the period. What amount should be include as a part of continuing operations on the company's financial statements? A.The net loss of $50.000 only will be included as a part of continuing operations. B.Both the net loss of $50,000 as well as the gain on sale of $20,000 should be included as a part of continuing operations. C.The gain on sale of $20.000 only will be included as a part of continuing operations. D.Neither the net loss of $50,000 nor the gain on sale of $20,000 will be included as a part of continuing operations.

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