On September 8, 2017, ABC Company decided to sell a division and thus the division was classified as held for sale on December 31, 2017, the company's fiscal year end. The division's loss from operations for 2017 was $2,000,000. The division's book value and fair value less cost to sell on December 31, 2017, were $3,000,000 and $2,500,000, respectively. All tax items are subject to 30% tax rate. What would ABC report in its 2017 income statement for this division

18. stu owns an ice cream parlor that is usually closed during the winter. this winter, however, stu is considering opening his business in february instead of march. if stu opens his store in february, he will earn total revenue of $4,000 for the month, incurring variable costs of $3,500 and fixed costs of $1,500. if the store remains closed during february, stu will earn no revenues and incur fixed costs of $1,500. stu should: stay closed in february because he will lose $1,000 if he opens. stay closed in february because the $500 of operating profit is insufficient to cover the $1,500 of fixed costs. open in february because the $4,000 of total revenue exceeds the $1,500 of fixed costs. open in february because the $4,000 of total revenue exceeds the $3,500 of variable costs.