Question: I need help on this Question :) On June 30, Crane Corporation discontinued its operations in Mexico. During the year, the operating income was $200,000
On June 30, Crane Corporation discontinued its operations in Mexico. During the year, the operating income was $200,000 before taxes. On September 1 . Crane disposed of the Mexico facility at a pretax loss of $600,000. The applicable tax rate is 25%. Show the discontinued operations section of Crane's income statement. (Enter loss using either a negative sign proceding the number eg. -2.945 or parentheses es. (2,945)} On June 30, Crane Corporation discontinued its operations in Mexico. During the year, the operating income was $200,000 before taxes. On September 1 . Crane disposed of the Mexico facility at a pretax loss of $600,000. The applicable tax rate is 25%. Show the discontinued operations section of Crane's income statement. (Enter loss using either a negative sign proceding the number eg. -2.945 or parentheses es. (2,945)}
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