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What amount should be reported as income for earth company

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Reference no: EM132817752

Earth Company reported the following data for the current year:

Income from continuing operations 700,000

Net income 500,000

Selling and administrative expenses 2,250,000

Income before tax 1,000,000

Problem 1: What amount should be reported as income or loss from discontinued operations?

a. 700,000 income

b. 500,000 income

c. 100,000 loss

d. 200,000 loss

Reference no: EM132817752

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