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Business, 08.10.2020 14:01 genyjoannerubiera
On May 31, 2018, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the entity. The assets of the component were sold on October 13, 2018, for $1,120,000. The component generated operating income from January 1, 2018, through disposal of $300,000. In its income statement for the year ended December 31, 2018, the company reported before-tax income from operations of a discontinued component of $620,000. What was the book value of the assets of the cosmetics component
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On May 31, 2018, the Arlene Corporation adopted a plan to sell its cosmetics line of business, consi...
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