Business, 26.07.2019 02:30 bellaforlife9
On december 31, 20x0, greer co. entered into an agreement to sell its hart segment's assets. on that date, greer estimated the gain from the disposition of the assets in 20x1 would be $700,000 and hart's 20x1 operating losses would be $200,000. hart's actual operating losses were $300,000 in both 20x0 and 20x1, and the actual gain on disposition of hart's assets in 20x1 was $650,000. disregarding income taxes, what net gain (loss) should be reported for discontinued operations in greer's comparative 20x1 and 20x0 income statements?
a. 20x1: $350,000; 20x0: $(300,000)
b. 20x1: $(150,000); 20x0: $200,000
c. 20x1: $50,000; 20x0: $(300,000)
d. 20x1: $0; 20x0: $50,000
Answers: 2
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On december 31, 20x0, greer co. entered into an agreement to sell its hart segment's assets. on that...
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