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Exercise 12.4 (Static) Discontinued Operations (LO12-2, LO12-3) During the curbert year, Sports t, ine, operated two business segrhents a chain of surf and dive shops
Exercise 12.4 (Static) Discontinued Operations (LO12-2, LO12-3) During the curbert year, Sports t, ine, operated two business segrhents a chain of surf and dive shops a shops. The tenns shops were nef proftable and wece seld near year-end to another corporation. Sports yeor ate summarized as follows. The true two caghoos. "Aer sales" and "Costs and expenses," relate only coprations. The compony hid 182,000 shaves of a shgle ciass of captar mock eststanding throughout the year. a. Prepare a condensed income statement for fie year At the bottom of the statement, show any aparcpri. Foures. b. Which eamings per shave fgure in part a do you conider mest usefvl in predicting future operating resu Complete this question by eatering rour anamens in the tabe below. Propirw a concenued intume atate-ient for the yesc At the boitsm of the atatoment; show avy agpropriate earmi
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