Solution-Construct a partial income statement

Construct a partial income statement

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Reference no: EM13534335

Discontinued operations.

Use the following information to construct a partial income statement beginning with income from continuing operations.

Income from continuing operations	$230,000
Loss during the year from operating discontinued operations	50,000
Tax benefit of loss	8,500
Loss from sale of discontinued operations	138,500
Tax savings from loss on the sale	41,000

Reference no: EM13534335

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Construct a partial income statement

Reference no: EM13534335

Reference no: EM13534335

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