Business, 17.10.2019 23:10, bhopainting
On may 31, 20x1, the arlene corporation adopted a plan to sell its cosmetics line of business, considered a component of the entity. by the end of the year, the assets have not been sold. the book value of those assets equals $850,000, and the company estimates their fair value to be $1,100,000. the component generated operating income of $450,000 for the year. in its income statement for the year ended december 31, 20x1, for what amount would the company report income from operations of a discontinued component (ignoring taxes).
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On may 31, 20x1, the arlene corporation adopted a plan to sell its cosmetics line of business, consi...
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