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On June 30, Flores Corporation discontinued its operations in Mexico. On September 1, Flores disposed of the Mexico facility at a pretax loss of
On June 30, Flores Corporation discontinued its operations in Mexico. On September 1, Flores disposed of the Mexico facility at a pretax loss of $650,000. The applicable tax rate is 30%. Show the discontinued operations section of Flores's statement of comprehensive income. (Enter loss using either a negative sign preceding the number es-2,945 or parentheses eg. (2,945)) FLORES CORPORATION Partial Statement of Comprehensive Income Dividends Expenses Loss on disposal of discontinued operations Net income/oss) Retained earnings
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