On November 1, 2013, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2014. On December 31, 2013, the company's year-end, the following information relative to the discontinued division was accumulated: In its income statement for the year ended December 31, 2013, Jamison would report a before-tax loss on discontinued operations of:

Question

On November 1, 2013, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2014. On December 31, 2013, the company's year-end, the following information relative to the discontinued division was accumulated:  In its income statement for the year ended December 31, 2013, Jamison would report a before-tax loss on discontinued operations of:

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The Answer of On November 1, 2013, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2014. On December 31, 2013, the company's year-end, the following information relative to the discontinued division was accumulated:  In its income statement for the year ended December 31, 2013, Jamison would report a before-tax loss on discontinued operations of: