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Question
sophie's dog supplies has income before taxes of $550,000 and an extraordinary loss of $170,000. if the income tax rate is 34% on all items, the income statement should show income before irregular items and an extraordinary loss, respectively, of
a.$550,000 and ($170,000)
b.$363,000 and ($57,800)
c.$363,000 and ($112,200)
d.$187,000 and ($57,800)
Answer
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