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What net gain should be reported for discontinued

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Reference no: EM132782772

Problem 1: On December 1,20x3, Greer Co. committed to a plan to dispose of its Hart business components assets. The disposal meets the requirements to be classified as discontinued operations. On that date, Greer estimated that the loss from the disposition of the assets would be 700,000 and Harts 20x3 operating losses were 200,000. Disregarding income taxes, what net gain (loss) should be reported for discontinued operations in Greers 2003 income statement?

a. 0

b.(200,000)

c. (700,000)

d. (900,000)

Reference no: EM132782772

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