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

01 / 10 / 2021 Assignment

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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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