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Kingbird, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1283000 are
Kingbird, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1283000 are sold for $923000. Operating income from January 1 to June 30 for the division amounted to $212000. Ignoring income taxes, what total amount should be reported on Kingbird's income statement for the current year under the caption, Discontinued Operations? $148000 loss $212000 $572000 $360000 loss CALCULATOR Question 15 ingrdne decanuary 1 1 th of Operat 212000 5572000 360000 loss Click if you would like to show Work for this
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