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On July 5, 2023, Crane disposed of the division's assets at an adjusted price of $48.00 million. Explain how the discontinued operations and sale

On July 5, 2023, Crane disposed of the division's assets at an adjusted price of $48.00 million. Explain how the discontinued operations and sale of the Rocketeer Division would be reported on Crane's income statement for the year ended May 31, 2024. Assume the June 2023 operating loss is the same as estimated. Income from Continuing Operations Net Income/(Loss) 14

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