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On June 30, Cullumber Corporation discontinued its operations in Mexico. During the year, the operating income was $178,000 before taxes. On September 1, Cullumber
On June 30, Cullumber Corporation discontinued its operations in Mexico. During the year, the operating income was $178,000 before taxes. On September 1, Cullumber disposed of the Mexico facility at a pretax loss of $570,000. The applicable tax rate is 20%. Show the discontinued operations section of Cullumber's income statement. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) eTextbook and Media Save for Later CULLUMBER CORPORATION Partial Income Statement Attempts: 0 of 3 used Submit Answer
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