Business
Business, 23.09.2021 06:00, BIGchunguslol

Finley Corporation had income from continuing operations of $10,600,000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Finley had 10,000,000 shares of common stock outstanding during 2020. Required:
Prepare a partial income statement for Finley beginning with income from continuing operations.

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Finley Corporation had income from continuing operations of $10,600,000 in 2020. During 2020, it dis...

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