Question

Use the following information to construct a partial income statement beginning with income from continuing operations:
Income from continuing operations............ $ 230,000
Loss during the year from operating discontinued operations.. 60,000
Tax benefit of loss.................. 9,500
Loss from sale of discontinued operations ........ 128,500
Tax savings from loss on the sale ............ 31,000



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  • CreatedSeptember 01, 2014
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