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Find the results from discontinued operations reported

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Question - Big Money Inc. has sold its distribution division in the current year. Big Money has a $120,000 loss from operation of the distribution division and a gain on sale of the division's assets of $40,000. Assuming Big Money has a tax rate of 30%, find the results from discontinued operations reported on Big Money's income statement?

a. loss of $84,000.

b. loss of $56,000.

c. loss of $80,000.

d. loss of $44,000.

Reference no: EM132776054

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