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On May 1,2020, Harlet Comoany approved a plan to dispose of a business segment. It is expected that the sale will occur on March 31,2021.
The revenue and expenses of the discontinued segment during 2020 were:
Revenue ExepenseJan. 1 to Apr.30. 1,500,000 2,000,00May 1to Dec.31. 700,000 900,000
Problem 1: What should be reported as pretax loss from the discontinued segment for 2020?
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