the 2019, Figuero Fitness announced that its line of protein shakes (a major line of business which represented 15% of Figuer being discontinued. The line was ultimately sold in early 2020. Additional financial information for the protein shake product lines Operating loss in 2019 Operating loss in 2020 Impairment loss in 2019 Gain on sale of line in 2020 Figuero's tax rate for both 2019 and 2020 Figuero's year end $26,500 $11,000 $12,000 $8,000 25% 12/31 How much, in total, should be reported in Figuero Fitness' income statement as Discontinued operations for 2019? Select one:
the 2019, Figuero Fitness announced that its line of protein shakes (a major line of business which represented 15% of Figuer being discontinued. The line was ultimately sold in early 2020. Additional financial information for the protein shake product lines Operating loss in 2019 Operating loss in 2020 Impairment loss in 2019 Gain on sale of line in 2020 Figuero's tax rate for both 2019 and 2020 Figuero's year end $26,500 $11,000 $12,000 $8,000 25% 12/31 How much, in total, should be reported in Figuero Fitness' income statement as Discontinued operations for 2019? Select one:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:In June 2019, Figuero Fitness announced that its line of protein shakes (a major line of business which represented 15% of Figuero's reven
being discontinued. The line was ultimately sold in early 2020. Additional financial information for the protein shake product line:
Operating loss in 2019
Operating loss in 2020
Impairment loss in 2019
Gain on sale of line in 2020
Figuero's tax rate for both 2019 and 2020
Figuero's year end
How much, in total, should be reported in Figuero Fitness' income statement as Discontinued operations for 2019?
Select one:
$26,500
$11,000
$12,000
$8,000
25%
12/31
a. $(31,125)
b. $(38,500)
c. $(28,875)
d. $(19,875)
e. 50
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