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Matlin Corp.'s trial balance of income statement accounts for the year ended December 31, 2011 included the following:

-Income from discontinued operations is
A)$10,500.
B)$17,500.
C)$16,800.
D)$24,000.

Question

Use the following information for questions 
Matlin Corp.'s trial balance of income statement accounts for the year ended December 31, 2011 included the following:
 
-Income from discontinued operations is
A)$10,500. 
B)$17,500. 
C)$16,800. 
D)$24,000.

Quizplus · Accepted Answer

The income from discontinued operations is calculated by adding the income or loss from operations of the discontinued segment and the gain or loss on disposal of the assets related to the discontinued segment. As per the given information, the income from discontinued operations is $17,500.

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