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n On November 17,2022 , Bevo Inc. committed to a plan to sell the electronics division, which qualified as a component of the entity according
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On November 17,2022 , Bevo Inc. committed to a plan to sell the electronics division, which qualified as a component of the entity according to GAAP regarding discontinued operations and was properly classified as held for sale on December 31, 2022, the end of Bevo Inc.'s fiscal year. The electronic division's loss from operations for 2022 was $1,960. The electronics division's book value and fair value less cost to sell on December 31 were $2,940 and $3,630, respectively. What before-tax amount(s) should Bevo Inc. report as loss on discontinued operations in its 2022 income statement? $2,650 loss $1,960 loss $0 loss $690 gain included i continuing operations; $1,960 loss from discontinued operations Step by Step Solution
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