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In 2025, Wildhorse Corporation disposed of Brenda Division, a major component of its business. Wildhorse realized a loss of $1516000, net of taxes, on
In 2025, Wildhorse Corporation disposed of Brenda Division, a major component of its business. Wildhorse realized a loss of $1516000, net of taxes, on the sale of Brenda's assets. Brenda's operating income, net of taxes, was $476000 in 2025. How should these facts be reported in Wildhorse's income statement for 2025? Total Amount to be Included in Income from Results of Continuing Operations Discontinued Operations O 1516000 loss 476000 gain $476000 gain $1516000 loss 0 1040000 loss 1040000 loss 0
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