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Tursten has pre-tax profit from all operations in 2023 of $37 million. This amount includes a $12 million operating loss from the toy car division
Tursten has pre-tax profit from all operations in 2023 of $37 million. This amount includes a $12 million operating loss from the toy car division incurred between the beginning of the year and August 15, the disposal date of the division. The $37 million profit does not include a pre-tax gain on the sale of the toy car division of $10 million. Prepare a partial statement of net income for Tursten for 2023, beginning with income from continuing operations before tax. (Use the condensed income statement format and assume the company is subject to a 35% income tax rate. Enter all amounts in millions. Use Darentheses or a minus sian to enter anv loss
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