Question: In preparing the income statement for 2022, Nestcorp includes the following information: Net Sales $750,000 Cost of goods sold 525,000 Operating expenses 100,000 Loss on
In preparing the income statement for 2022, Nestcorp includes the following information: Net Sales $750,000 Cost of goods sold 525,000 Operating expenses 100,000 Loss on discontinued operations 25,000 Other expenses and losses 10,000 Ignoring income taxes, what is Nestcorps income from continuing operations for 2022 under IFRS?
$95,000
$125,000
$105,000
$115,000
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