Kobes clinics provides health services and career


Question: Kobe's Clinics provides health services and career counseling. Net income from the health services business this year is $22 million after tax. During the year, Kobe's Clinics sold the career counseling side of the business at a loss after tax of $6.5 million. Show how Kobe's Clinics would report this loss in the income statement, beginning with income from continuing operations of $22 million.

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Finance Basics: Kobes clinics provides health services and career
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