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On June 30, Grouper Corporation discontinued its operations in Mexico. During the year, the operating income was $260,000 before taxes. On September 1, Grouper disposed
On June 30, Grouper Corporation discontinued its operations in Mexico. During the year, the operating income was $260,000 before taxes. On September 1, Grouper disposed of the Mexico facility at a pretax loss of $654,000. The applicable tax rate is 25%. Show the discontinued operations section of grouper's income statement.
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