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Question
bettys bunny barn has experienced a $40,000 loss due to tornado damage to their inventory. tornados have never before occurred in this area. assuming that the companys tax rate is 30%, what amount will be reported for this loss on the income statement?
a.$40,000
b.$28,000
c.$12,000
d.$36,000
Answer
This answer is hidden. It contains 1 characters.
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