On November 1, 2009, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to SFAS No. 144. The disposal of the division was expected to be concluded by April 30, 2010. On December 31, 2009, 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, 2009, Jamison would report a before-tax loss on discontinued operations of:

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The before-tax loss on discontinued operations is $65 million. This is calculated by taking the loss from operations of $50 million and adding the loss on disposal of $15 million.