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Finley Corporation had income from continuing operations of $10,300,000in 2014. During 2014, it disposed of its restaurant division at an after-tax loss of $204,700. Prior
Finley Corporation had income from continuing operations of $10,300,000in 2014. During 2014, it disposed of its restaurant division at an after-tax loss of $204,700. Prior to disposal, the division operated at a loss of $295,300(net of tax) in 2014. Finley had10,000,000shares of common stock outstanding during 2014. How do you do a partial income statement for Finley beginning with income from continuing operations.
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