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K- Suppose Smiley is considering discontinuing its coco crispies product line. Assume that during the past year, the coco crispies' product ine income statement

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K- Suppose Smiley is considering discontinuing its coco crispies product line. Assume that during the past year, the coco crispies' product ine income statement showed the flowing (Click the icon to view the income statement data.) (Click the icon for additional information) If the company decides to discontinue the product line, what will happen to the company's operating income? Should Smiley O dacontinue the coco crispies product? Begin by preparing a contribution margin income statement for the coco crispies product line. (Use a minus sign or parentheses to enter a loss) Sales revenue Loss Contribution margin Less Operating income (loss)

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