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Missoula Corporation disposed of one of its segments in the second quarter and incurred a gain from disposal of discontinued segment of $600,000, net of
Missoula Corporation disposed of one of its segments in the second quarter and incurred a gain from disposal of discontinued segment of $600,000, net of taxes.
What is the effect of this gain from disposal of discontinued segment?
Question 6 options:
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a) | Increase net income from operations for the year by $600,000. |
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b) | Increase each quarter's net income by $150,000. |
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c) | Increase second quarter net income by $600,000. |
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d) | Increase each of the last three quarters' net income by $200,000. |
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