A health food distributor selling wholesale dairy products and vitamins decides to discontinue the division that sells

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A health food distributor selling wholesale dairy products and vitamins decides to discontinue the division that sells vitamins. How should this discontinuance be classified on the income statement?

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 22, 2012 09:02 AM

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A health food distributor selling wholesale dairy products and vitamins decides to discontinue the division that sells

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It would appear that this is the disposal of a product li...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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