Solution-Listing of the major sections of an income

Listing of the major sections of an income statement

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Reference no: EM131535977

Question: In 2011, Jin Merchandising, Inc., sold its interest in a chain of retail outlets, taking the company completely out of the retailing business. The company still operates its wholesale outlets. A listing of the major sections of an income statement follows:

A. Income (loss) from continuing operations

B. Income (loss) from operating, or gain (loss) from disposing, a discontinued segment

C. Extraordinary gain (loss) Indicate where each of the following income-related items for this company appears on its 2011 income statement by writing the letter of the appropriate section in the blank beside each item.

Reference no: EM131535977

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Listing of the major sections of an income statement

Reference no: EM131535977

Reference no: EM131535977

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