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What amount should be reported as income or loss

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Reference no: EM132803381

De Vera Company reported the following data for the current year:

Income from continuing operations, P700,000
Net Income, P500,000
Selling and administrative expenses, P2,250,000
Income before income tax, P1,000,000

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

Reference no: EM132803381

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