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PAC Strategic Inc. has sold its baby food division in the current year. PAC has a $35,000 loss from operation of the baby food division

PAC Strategic Inc. has sold its baby food division in the current year. PAC has a $35,000 loss from operation of the baby food division and a loss on sale of the division's assets of $20,000. Assuming PAC has a tax rate of 30%, the total loss from discontinued operations reported on PAC's income statement is

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