Business, 07.10.2019 18:00 falgunim4

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?

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Teal mountain inc. decided on january 1 to discontinue its telescope manufacturing division. on july...

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