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Your answer is partially correct. On June 30, Flint Corporation discontinued its operations in Mexico. During the year, the operating income was $230,000 before
Your answer is partially correct. On June 30, Flint Corporation discontinued its operations in Mexico. During the year, the operating income was $230,000 before taxes. On September 1, Flint disposed of the Mexico facility at a pretax loss of $618,000. The applicable tax rate is 29%. Show the discontinued operations section of Flint's income statement. FLINT CORPORATION Partial Income Statement Income from Operations of Mexican facility Loss on Disposal of Mexican Facility 179220 Net Income/(Loss) 438780 438780
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