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Ajax corporation sold one of their divisions during the year for 7500000. the book value of the divisions at that time was 6000000. in addition
Ajax corporation sold one of their divisions during the year for 7500000. the book value of the divisions at that time was 6000000. in addition the division produced revenues of 250000 and expenses of 175000 while still owned by Ajax (the tax rate is 30% for all transactions). state where this transaction would apear on the financial statements (which statement and where on the statement) and show how the details would be presented on this statment.
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