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Discuss what amount will wilson report as the income

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Wilson, Inc. sold one of its divisions that had been unprofitable for the past two years. The current period loss from operations of this division totaled $30,000. Wilson's sale of the division created a gain of $16,000 on the sale of the division's assets. The income tax rate is 40%. What amount will Wilson report as the income or loss from discontinued operations?

Reference no: EM131775055

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