Curious George sold Store 1 on June 30 for $340,000. The carrying value (balance sheet value) of
Question:
Curious George sold Store 1 on June 30 for $340,000. The carrying value (balance sheet value) of this component at the date of sale was $400,000. The income from the retail store component through the date of sale was $72,000. In the current year, what will George report as overall results from discontinued operations, before tax for Store 1?
Store 2 had income before tax for the current year of $150,000. The operation was held for sale at the end of the year. The fair value of Store 2 was $800,000 and the carrying value of the operation was $900,000. In the current year, what will George report as overall results from discontinued operations, before tax for Store 2 ?
Store 3 had income before tax for the current year of $80,000. The operation was held for sale at the end of the year. The fair value of Operation C was $1,200,000 and the carrying value of the operation was $750,000. In the current year, what will George report as overall results from discontinued operations, before tax for Store 3 ?