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Sage Hill Corporation had income from continuing operations of $400,000 for the year ended December 31, 2020. It also had a loss of $56,000 on
Sage Hill Corporation had income from continuing operations of $400,000 for the year ended December 31, 2020. It also had a loss of $56,000 on discontinuance of a division (before income taxes). All items are subject to income taxes at a 30% tax rate. Prepare a partial income statement, beginning with income from continuing operations. SAGE HILL CORPORATION Partial Income Statement $ +A
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