Family Fashions Corporation discontinued Kid-Choice, its entire line of children's clothing, in November of 2009. Prior to the disposal, Kid-Choice generated a loss of $600,000 (net of tax) for the period from January through the sale date. Because of the value of the real estate and machinery, there was a gain of $850,000 (net of tax) on the actual sale. How should this situation be reported in the financial statements of Family Fashions for 2009

A $250,000 gain should be in the "discontinued operations" section of the income statement.

Explanation:

Since there was a loss of $600,000 for the period from January through the sale date while there was a gain of $850,000 on the actual sales, then the situation should be reported in the financial statements of Family Fashions for 2009 as a gain of ($850,000 - $600,000) = $250,000 should be in the "discontinued operations" section of the income statement.

Discontinued operations refers to the part of the business which has been shut down or divested. They're separated from the continuing operations when reported.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

answer; complain or request hazard correction from your employer;