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Help will thumbs up! Bramble, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book
Help will thumbs up! Bramble, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $838000 are sold for $605000. Operating income from January 1 to June 30 for the division amounted to 135000. Ignoring income taxes, what total amount should be reported on Bramble's income statement for the current year under the caption, Discontinued Operations? $368000 loss $135000 loss $233000 loss $98000 loss
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