December 9, 2011

SOLVED: Jojo, Inc. held a discontinued operation as of December 31, 2018. The operating loss from the discontinued operation was 500,000 for the period. As of December 31, 2018, the net assets of the discontinued operations had decreased in fair value by272,000. Jojo's tax rate is 30%. Prepare the discontinued operations plan of its income statement.

September 9, 2011