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For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial income statement data. The gain from discontinued operations consists of two

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For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial income statement data. The gain from discontinued operations consists of two parts: a $50,000 loss from operations and a $150,000 gain from the disposal the operation. The income tax rate is 40% on all items. Prepare a correct income statement, beginning with income before income taxes

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