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Question 1 1 points Save Ans BE14.1 (LO 1), AP On June 30, Flores Corporation discontinued its operations in Mexico. During the year, the operating
Question 1 1 points Save Ans BE14.1 (LO 1), AP On June 30, Flores Corporation discontinued its operations in Mexico. During the year, the operating Income was $200,000 before taxes. On September 1, Flores disposed of the Mexico facility at a pretax loss of $640,000, The applicable tax rate is 25%. Show the discontinued operations section of Flores's income statement Discontinued operations: Income from operations of Mexican facility, net of income tax Loss on disposal of Mexican facility net of income tax savings
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