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Business, 20.06.2020 16:57 abdominguez8077

Crane Corporation had income from continuing operations of $11,300,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $200,000. Prior to disposal, the division operated at a loss of $410,000 (net of tax) in 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Crane had 10,000,000 shares of common stock outstanding during 2017. Prepare a partial income statement for Crane beginning with income from continuing operations

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Crane Corporation had income from continuing operations of $11,300,000 in 2017. During 2017, it disp...
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