The Gordon Company Is Disposing of a Component of Its

question 14

Multiple Choice

The Gordon Company is disposing of a component of its company.The net loss from the sale is estimated to be $500, 000.Included in the $500, 000 is termination pay of $100, 000, which is directly associated with the decision to dispose of the component; and net losses from component asset write-downs of $400, 000.Ignoring taxes, Gordon's income statement should report a loss on sale of a business component of

• A)$100, 000
• B)$600, 000
• C)$400, 000
• D)$500, 000

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