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Team Shirts Sold Its Surfboard Operations for $125,000 and Incurred

Question 210

Multiple Choice

Team Shirts sold its surfboard operations for $125,000 and incurred a loss of $47,000 on the sale.This loss would be reported on the income statement as part of ________.


A) discontinued operations
B) extraordinary items
C) other revenues and expenses
D) income from continuing operations

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