Cardigan Corporation's results for the year ended December 31, 2022, include the following material items. Sales revenue 5,170,300 Cost of goods sold 1,720,000 Selling and administrative expenses 800,000 Loss on sale of investments 122,000 Gain on discontinued operations 57,680 Loss on discontinued operations 400,900 Loss on impairment from continuing 63,000 operations a. Cardigan Corporation's income from continuing operations before income taxes for 2022 is:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Cardigan Corporation's results for the year ended December 31, 2022,
include the following material items.
Sales revenue
5,170,300
Cost of goods sold
1,720,000
Selling and administrative expenses 800,000
Loss on sale of investments
122,000
Gain on discontinued operations
57,680
Loss on discontinued operations
400,900
Loss on impairment from continuing
63,000
operations
a. Cardigan Corporation's income from continuing operations before
income taxes for 2022 is:
Transcribed Image Text:Cardigan Corporation's results for the year ended December 31, 2022, include the following material items. Sales revenue 5,170,300 Cost of goods sold 1,720,000 Selling and administrative expenses 800,000 Loss on sale of investments 122,000 Gain on discontinued operations 57,680 Loss on discontinued operations 400,900 Loss on impairment from continuing 63,000 operations a. Cardigan Corporation's income from continuing operations before income taxes for 2022 is:
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