Business, 01.11.2019 02:31 starreee

On october 1, 2021, american medical inc. adopted a plan to discontinue its generic drug division, which qualifies as a separate component of the business according to g a a p regarding discontinued operations. the disposal of the division was expected to be concluded by march 30, 2022. on december 31, 2021, the company’s year-end, the following information relative to the discontinued division was accumulated: operating loss for 2011 -- $195 million excess of book value over fair value, less costs to sell, at year-end -- $25 million in its income statement for the year ended december 31, 2021, american would report a before-tax loss on discontinued operations of: a. $170 million. b. $195 million. c. $220 million. d. all of these answers are incorrect.

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On october 1, 2021, american medical inc. adopted a plan to discontinue its generic drug division, w...

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