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Halo Philip's Fun Center has several playgrounds areas, go-karts, miniature golf, bumper boats, paintball, and laser tag. Determine whether the company should report each of
Halo Philip's Fun Center has several playgrounds areas, go-karts, miniature golf, bumper boats, paintball, and laser tag. Determine whether the company should report each of the following items as discontinued operations, other revenues, or other expenses. Classification 1. The company beils an outdoor playground at a gain of $5,000. 2. The company sold is old go-karts at a loss of $25,000 and replaced them with all new go-karts 3 The company sold staser tag center at a loss of $10,000 to focus on the other more profitable segments. Laser tog is considered to be a separate business segment The company restructured its business at a cost of $75,000, replacing some employee pos ons wil automated equipment 4
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