Assume that Pina Colada 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, $1.9 million (net of tax of $700,000); loss from operations from September 30 to end of 2023, $600,000 (net of tax of $250,000); estimated loss on disposal of net assets to December 31, 2023 (net of tax of $50,000), $190,000. The year end is December 31. Pina Colada prepares financial statements in accordance with IRS.

Assume that Pina Colada 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,$1.9 million (net of tax of $700,000 ); loss from operations from September 30 to end of 2023,$600,000 (net of tax of $250,000 ): estimated loss on disposal of net assets to December 31,2023 inet of tax of $50,000 ), $190,000. The year end is December 31 . Pina Colada prepares financial statements in accordance with IFRS. (a) What is the income/loss from discontinued operations reported in 2023 ? Net from discontinued operations $ eTextbook and Media Last saved 1 second ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be avalibble when you complete the part above. Assume that Pina Colada 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,$1.9 million (net of tax of $700,000 ); loss from operations from September 30 to end of 2023,$600,000 (net of tax of $250,000 ): estimated loss on disposal of net assets to December 31,2023 inet of tax of $50,000 ), $190,000. The year end is December 31 . Pina Colada prepares financial statements in accordance with IFRS. (a) What is the income/loss from discontinued operations reported in 2023 ? Net from discontinued operations $ eTextbook and Media Last saved 1 second ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be avalibble when you complete the part above