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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 $700,000.
On June 30, Flores Corporation discontinued its operations in Mexico. On September 1, Flores disposed of the Mexico facility at a pretax loss of $700,000. The applicable tax rate is 23%. Show the discontinued operations section of Flores's statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945).) FLORES CORPORATION Partial Statement of Comprehensive Income Loss on disposal of discontinued operations A 539,000
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