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On November 30, Aubie Co. decided to dispose of a component. During the year, this component generated operating income of $100,000. The book value of
On November 30, Aubie Co. decided to dispose of a component. During the year, this component generated operating income of $100,000. The book value of the component on November 30 was $850,000 and the fair value less cost to sell of the component was estimated to be $760,000. Aubie Co. sold the discontinued component before the end of the year for $780,000. Aubie has a 40% tax rate. How much will Aubie report in the Income Statement for Discontinued Operations
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