Teal mountain inc. decided on january 1 to discontinue its telescope manufacturing division. on july 1, the division’s assets with a book value of $1281000 are sold for $921000. operating income from january 1 to june 30 for the division amounted to $21. ignoring income taxes, what total amount should be reported on teal mountain’s income statement for the current year under the caption, discontinued operations?

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?