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Current Attempt in Progress On June 30, Sheridan Corporation discontinued its operations in Mexico. During the year, the operating income was $190,000 before taxes.
Current Attempt in Progress On June 30, Sheridan Corporation discontinued its operations in Mexico. During the year, the operating income was $190,000 before taxes. On September 1, Sheridan disposed of the Mexico facility at a pretax loss of $610,000. The applicable tax rate is 30%. Show the discontinued operations section of Sheridan's income statement. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) SHERIDAN CORPORATION Partial Income Statement $
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