What is the amount of gain or loss on disposal of business should Comb Corp. recognize?
A. Gain of $60,000
B. Gain of $60,000
C. Loss of $30,000
D. Loss of $60,000
Answer:C
What is the amount of gain or loss on disposal of business should Comb Corp. recognize?
A. Gain of $60,000 B. Gain of $60,000 C. Loss of $30,000 D. Loss of $60,000