what total amount should be reported on Troy’s income statement for the current year under the caption, Discontinued Operations?

what total amount should be reported on Troy’s income statement for the current year under the caption, Discontinued Operations?

Troy, Inc. decided on January 1 to
discontinue its telescope manufacturing division. On July 1, the division’s
assets with a book value of $1,260,000 are sold for $840,000. Operating income
from January 1 to June 30 for the division amounted to $130,000. Ignoring
income taxes, what total amount should be reported on Troy’s income statement
for the current year under the caption, Discontinued Operations?




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