What net gain should be reported for discontinued operations

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On December 1, 2015, Green Co. committed to a plan to dispose of its Smart business component''s assets. The disposal meets the requirements to be classified as discontinued operations.

On that date, Green estimated that the loss from the disposition of the assets would be $1,500,000 and Smart''s 2015 operating losses were $475,000. Disregarding income taxes, what net gain (loss) should be reported for discontinued operations in Green''s 2015 income statement?

Reference no: EM13945254

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