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Coffee Company committed to a plan on October 1 of the current year to discontinue its beverage segment. Income from operating the segment was $1,250,000
Coffee Company committed to a plan on October 1 of the current year to discontinue its beverage segment. Income from operating the segment was $1,250,000 for January through September and $727,000 for October through November. Coffee sold the segment on November 30 for a loss of $168,000. Coffee's tax rate is 20%. Prepare the discontinued operations part of Coffee's income statement.
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