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Finley corporation had income from continuing operations of $10,600,000 in 2012. During 2012, it disposed of its restaurant division at an aftertax loss of $189,000.
Finley corporation had income from continuing operations of $10,600,000 in 2012. During 2012, it disposed of its restaurant division at an aftertax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2012. Finley had 10,000,000 shares of common stock outstanding during 2012. Perpare a partial income statement for Finley beginning with income from continuing operations
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