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On June 30, Crane Corporation discontinued its operations in Mexico. During taxes. On September 1, Crane disposed of the Mexico facility at a pretax loss
On June 30, Crane Corporation discontinued its operations in Mexico. During taxes. On September 1, Crane disposed of the Mexico facility at a pretax loss of $780,000. The applicable tax rate is 25%. Show the discontinued operations section of Crane's income statement. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses eg. (2,945).) Discontinued operations CRANE CORPORATION Partial Income Statement Income tax expense Loss on disposal of Mexican facility 183000 [585000] [195000] On June 30, Crane Corporation discontinued its operations in Mexico. During the year, the operating income was $24 taxes. On September 1, Crane disposed of the Mexico facility at a pretax loss of $780,000. The applicable tax rate is 25 Show the discontinued operations section of Crane's income statement. (Enter loss using either a negative sign preceding t -2,945 or parentheses e.g. (2,945).) Discontinued operations CRANE CORPORATION Partial Income Statement Income tax expense Loss on disposal of Mexican facility Net income/(loss) Income from operations of Mexican facility Income tax expense Other comprehensive income Income before income taxes Unrealized gain on available-for-sale securities Gain on disposal of Mexican facility Unrealized holding loss on available-for-sale securities Discontinued operations Comprehensive income ve for Later 183000 [585000] t [195000- Attempts: 2 of 3 used
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