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Business, 06.12.2021 22:10 arielpraczko1

On October 1, 20X4, Host Co. approved a plan to dispose of one of the company's operating segments. The decision represents a major strategic shift for Host and will have a significant effect on its operations and financial results. Host expected that the sale would occur on April 1, 20X5 at an estimated gain of $350,000. The segment had actual and estimated operating losses as follows: 1/1/X4 to 9/30/X4 $(300,000)
10/1/X4 to 12/31/X4 (200,000)
1/1/X5 to 3/31/X5 (400,000)
In its 20X4 income statement, what should Host report as a loss from discontinued operations before income taxes?
a. $900,000
b. $550,000
c. $500,000
d. $200,000

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On October 1, 20X4, Host Co. approved a plan to dispose of one of the company's operating segments....
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