Finley Corporation had income from continuing operations of 10,600,000 in 2015. During 2015, it disposed of its
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Finley Corporation had income from continuing operations of £10,600,000 in 2015. During 2015, it disposed of its restaurant division at an after-tax loss of £189,000. Prior to disposal, the division operated at a loss of £315,000 (net of tax) in 2015. Finley had 10,000,000 shares outstanding during 2015. Prepare a partial income statement for Finley beginning with income from continuing operations.
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Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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