Chrome ile Edit View History Bookmarks Window Help WileyPLUS NFri 23:03 aen Secu

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Chrome ile Edit View History Bookmarks Window Help WileyPLUS NFri 23:03 aen Secure U/mainfr.un WileyPLUS Weygandt, Hanagerial Accounting, ome Read, Study &Practice Grace Peried: 12 days left I Register Now Gradebook ORION Dewnloadable eTextbeok ssignment> Open Assignment Brief Exercise 14- On June 30, Flores Corporation dscontinued its operations in Chapter 14 Mexico. On September I, Flores disposed of the Mexico facility at a pretax loss of $680,000. The Show the discontinued operations section of Flores's statement of (2.945).) s comprehensive income. (Enter loss using either a negative sige preceding the number e.g.-2,945 or parentheses -g txercsn 14-12 Expenses operations is questions Net incomeoss Review Score Review Renits.by Study By accessing this Question Assistance, you will learn whle you eam points based on the Point Potential Pollcy set by your instructor. question Attempts: 1 of 3 used SAVE FOR LATER BUBHET ANSWER Earn Maximum Paints answer this question correctly in teo attempts t you All Rights Reserved. A Division of sn le &Son Is

Explanation / Answer

14-1)

FLORES CORPORATION

PARTIAL STATEMENT OF COMPREHENSIVE INCOME

14-6)

14-7)Income of 2019 = Income in 2020 /(1+%increase)

                   = 678400 / (1+.28)

                   = 678400/1.28

                   = $ 530000

FLORES CORPORATION

PARTIAL STATEMENT OF COMPREHENSIVE INCOME

Loss on discontinuance of mexico operations ,Net of tax [680000(1-.30)] 476000

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