Business, 29.10.2019 21:31 F00Dislife

Whispering corporation had income from continuing operations of $10,775,400 in 2020. during 2020, it disposed of its restaurant division at an after-tax loss of $200,100. prior to disposal, the division operated at a loss of $321,500 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). whispering had 10,000,000 shares of common stock outstanding during 2020. prepare a partial income statement for whispering beginning with income from continuing operations.

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Whispering corporation had income from continuing operations of $10,775,400 in 2020. during 2020, it...

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