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View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. On June 30, Cullumber Corporation discontinued its operations in Mexico.
View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. On June 30, Cullumber Corporation discontinued its operations in Mexico. During the year, the operating income was $247,000 before taxes. On September 1, Cullumber disposed of the Mexico facility at a pretax loss of $790,000. The applicable tax rate is 25%. Show the discontinued operations section of Cullumber's income statement. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) CULLUMBER CORPORATION Partial Income Statement Discontinued operations Income from operations of Mexican facility Loss on disposal of Mexican facility 185250 +A
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