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Assume that Concord Inc. decided to sell DemandTV Ltd., a subsidiary, on September 30, 2023. There is a formal plan to dispose of the business
Assume that Concord Inc. decided to sell DemandTV Ltd., a subsidiary, on September 30, 2023. There is a formal plan to dispose of the business component, and the sale qualifies for discontinued operations treatment. Pertinent data on the operations of the TV subsidiary are as follows: loss from operations from beginning of year to September 30 , $1.8 million (net of tax of $700,000 ); loss from operations from September 30 to end of 2023,$500,000 (net of tax of $250,000 ); estimated loss on disposal of net assets to December 31, 2023 (net of tax of \$50,000), \$130,000. The year end is December 31. Concord prepares financial statements in accordance with IFRS. (a) What is the income/loss from discontinued operations reported in 2023 ? Net from discontinued operations $
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