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What the results from discontinued operations reported

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Problem 1: Crane Inc. has sold its distribution division in the current year. Crane has a $110000 loss from operation of the distribution division and a gain on sale of the division's assets of $35000. Assuming Crane has a tax rate of 20%, the results from discontinued operations reported on Crane's income statement is

A. loss of $7000.
B. loss of $60000.
C. loss of $15000.
D. loss of $75000.

Reference no: EM132813987

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