Multiple Choice
Reno Corporation disposed of one of its segments in the second quarter and incurred a gain from disposal of discontinued segment of $300,000,net of taxes.What is the effect of this gain from disposal of discontinued segment?
A) Increase each of the last three quarters' net income by $100,000
B) Increase net income from operations for the year by $300,000
C) Increase second quarter net income by $300,000
D) Increase each quarter's net income by $75,000
Correct Answer:
Verified
Correct Answer:
Verified
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