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What is the amount to be recorded in the discontinued

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Reference no: EM132774180

Problem 1: ABC Co. has the following information: Income from operations of division $250,000, Loss on disposal of division $100,000, Gain on sale of investment $50,000, and Loss on sales of building $70,000. Tax rate of 30%. What is the amount to be recorded in the discontinued operations on ABC Co. income statement?

A. $84,000

B. $280,000

C. $ 300,000

D. $105,000

Reference no: EM132774180

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