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Lupton Inc. disposes of an unprofitable division of its business. The operation of the division suffered a $200,000 loss in the year of disposal. The

Lupton Inc. disposes of an unprofitable division of its business. The operation of the division suffered a $200,000 loss in the year of disposal. The loss on disposal of the division was $100,000. If the tax rate is 30%, and income before income taxes was $1,600,000

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