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Question
cindy cane corporation has income before taxes of $800,000 and an extraordinary gain of $200,000. if the income tax rate is 25% on all items, the income statement should show income before irregular items and extraordinary items, respectively, of
a.$650,000 and $200,000
b.$650,000 and $150,000
c.$600,000 and $200,000
d.$600,000 and $150,000
Answer
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