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Compute the Total Discontinued Operations section

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Question - Compute the Total Discontinued Operations section for the year ended June 30, 2022 of Archie Corp if the following happened:

They sold a major division for $100,000 cash on May 1, 2022.

The net carrying value of the assets sold were $350,000.

The division sold reported Income from Operations, before tax of $40,000 for the 10 month period up to the date of sale.

The tax rate of Archie Corp is 15%.

Reference no: EM133128794

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