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Business, 20.09.2020 19:01 teionamwhite2262
Marigold Corporation had income from continuing operations of $10,634,000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $206,700. Prior to disposal, the division operated at a loss of $320,700 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Marigold had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Marigold beginning with income from continuing operations.
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Marigold Corporation had income from continuing operations of $10,634,000 in 2020. During 2020, it d...
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