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Question
gregor company reported income before taxes of $800,000 and an extraordinary loss of $200,000. assume that the companys tax rate is 30%. what amounts will be reported on the income statement for income before irregular items and extraordinary items, respectively?
a.$560,000 and $200,000
b.$560,000 and $140,000
c.$660,000 and $200,000
d.$660,000 and $140,000
Answer
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