Homework Answers
1. Ans :- option C). 5.30
Explanation :- $780,000 - ($5 × 50,000) = $530,000/100,000 = $5.30
2. Ans :- option B). $600,000 loss should be included in income from operations and a $850,000 gain should be reported in the "discontinued operations" section of the income statement
3. Ans :- option B) Who owns Stock in the company
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