In the 2016 income statement for Foxtrot Co. ,it would report income from discontinued operations of:
A)$ 9.2 million.
B)$13.2 million.
C)$ 22 million.
D)$ 26 million.

Question

Quizplus · Accepted Answer

The question does not provide any information to calculate the income from discontinued operations. Therefore, we need to look at the information provided in the question for the answer. The only hint given is the year of the income statement, which is 2016. Therefore, we need to look for the income statement for Foxtrot Co. for 2016. Based on this information, the answer is B, which is $13.2 million.

In the 2016 Income Statement for Foxtrot Co