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  3. cher corporation decided to discontinue its wholes

Cher Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations....

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Accounting

Cher Corporation decided to discontinue its wholesale operations and to retain their
manufacturing operations. On July 1, Cher sold the wholesale operations. During 2023,
there were 1,600 shares of common stock outstanding all year. Instructions: Prepare a
partial multiple-step income statement. Begin at the top (beginning) and stop at income
from continuing operations. Use the pre-tax financial information for Cher Corporation
below. Include all appropriate multiple-step income statement headings and line items. Do
not go beyond income from continuing operations. If applicable, round EPS to two
decimals; all others round to whole dollars.
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