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Business, 19.03.2021 01:00 ronaldo22

During 2020, Whispering Company reported income of $1,484,000 before income taxes and realized a gain of $489,300 on the disposal of assets related to a discontinued operation. The criteria for classification as a discontinued operation is appropriate for this sale. The income is subject to income taxation at the rate of 34%. The gain on the sale of the plant is taxed at 30%. Indicate an appropriate presentation of these items in the income statement.

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