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Current Attempt in Progress Assume that Bramble Inc. decided to sell DemandTV Ltd., a subsidiary, on September 30, 2023. There is a formal plan
Current Attempt in Progress Assume that Bramble 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, $2.1 million (net of tax of $700,000); loss from operations from September 30 to end of 2023, $700,000 (net of tax of $250,000); estimated loss on disposal of net assets to December 31, 2023 (net of tax of $50,000), $120,000. The year end is December 31. Bramble prepares financial statements in accordance with IFRS. + G Your answer is correct. What is the income/loss from discontinued operations reported in 2023? Net (Loss) from discontinued operations $ (2920000) i . Your answer is partially correct. Prepare the discontinued operations section of the income statement for the year ended 2023. Discontinued operations (2023): Loss from Operation of Discontinued Subsidiary, Net of Tax $950000 Loss on Impairment of Net Assets, Net of Tax $50,000 Loss from Discontinued Operations 2.100,000 120,000 i 120,002.1
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