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Suppose Smiley O is considering discontinuing its coco crispies product line. Assume that during the past year, the coco crispies' product line income statement

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Suppose Smiley O is considering discontinuing its coco crispies product line. Assume that during the past year, the coco crispies' product line income statement showed the following: (Click the icon to view the income statement data.) (Click the icon for additional information.) If the company decides to discontinue the product line, what will happen to the company's operating income? Should Smiley O discontinue the coco crispies product line? ... Begin by preparing a contribution margin income statement for the coco crispies' product line. (Use a minus sign or parentheses to enter a loss.) Sales revenue Less: Contribution margin Less: Operating income (loss)

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