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On December 1, 2018, Glow Company committed a plan to dispose of it's business component's assets. The disposal meets the criteria to be classified as
On December 1, 2018, Glow Company committed a plan to dispose of it's business component's assets. The disposal meets the criteria to be classified as a discounted operation . On that date , the entity estimated that the loss from the disposition of the assets would be P700,000 and the component's operating loss in 2018was P200,000. What amount should be reported as pre-tax loss from the discontinued operation?( answer: 900,000 ) Please show solution
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