Soudan Inc. reports under ASPE. It has profit from operations after tax of $300,000, including...
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Accounting
Soudan Inc. reports under ASPE. It has profit from operations after tax of $300,000, including profit after tax from discontinued operations of $75,000. The company also has a loss from the disposal of the discontinued operations of $20,000 after tax. How much is the income or loss from discontinued operations for the period?
Select one:
a. $75,000
b. $20,000
c. $375,000
d. $55,000
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