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Business, 27.08.2019 00:10 piyonax

On may 15, 2003, munn, inc. approved a plan to dispose of a segment of its business. it is expected that the sale will occur on february 1, 2004, at a selling price of $500,000. the segment reported $195,000 in operating losses for 2003. the segment is expected to lose $30,000 from operations in 2004. the carrying amount of the segment at the date of sale was expected to be $850,000. before income taxes, what amount should munn report as a loss from discontinued operations in its 2003 income statement?

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On may 15, 2003, munn, inc. approved a plan to dispose of a segment of its business. it is expected...

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