Roni, Inc. held a discontinued operation as of December 31, 2018. The operating loss from the discontinued operation was $200,000 for the period. As of December 31, 2018 the net of the discontinued operations had decreased in fair value by $250,000. Roni's tax rate is 35%. Prepare the discontinued operations part of its income statement.

Answer rating: 100% (QA)

Below line item Discontinued operations Opertaing losses ... View the full answer