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During 2014, Cantaloupe Corp Disposed of Raspberry Division, a Major

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During 2014, Cantaloupe Corp disposed of Raspberry Division, a major segment of its business.Cantaloupe realized a gain of $1,500,000, net of taxes, on the sale of Raspberry's assets.During 2014, Raspberry's operating losses, net of taxes, were $1,800,000.How should these facts be reported in Cantaloupe's income statement for 2014? During 2014, Cantaloupe Corp disposed of Raspberry Division, a major segment of its business.Cantaloupe realized a gain of $1,500,000, net of taxes, on the sale of Raspberry's assets.During 2014, Raspberry's operating losses, net of taxes, were $1,800,000.How should these facts be reported in Cantaloupe's income statement for 2014?    During 2014, Cantaloupe Corp disposed of Raspberry Division, a major segment of its business.Cantaloupe realized a gain of $1,500,000, net of taxes, on the sale of Raspberry's assets.During 2014, Raspberry's operating losses, net of taxes, were $1,800,000.How should these facts be reported in Cantaloupe's income statement for 2014?

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Definitions:

McDonaldization

Refers to the application of the rationalization principles of the fast-food industry to other sectors of society.

Rationalization

Is the application of the most efficient means to achieve given goals and the unintended, negative consequences of doing so.

Globalization

The process by which businesses, technologies, or philosophies spread throughout the world, leading to increased interconnectedness and interdependence among nations.

Glocalization

Is the simultaneous homogenization of some aspects of life and the strengthening of some local differences under the impact of globalization.

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