2024 – Multiple Choice Question 152 MECHE Company reports income before income taxes of 2 500 000 and had an extra ordinary loss

Acc100 4 – 2024

Multiple Choice Question 152

MECHE Company reports income before income taxes of $2,500,000 and had an extra-ordinary loss of $800,000. If the tax rate is 35%,

[removed]

the income before the extraordinary item is $1,625,000.

[removed]

the extraordinary loss will be reported at $280,000.

[removed]

the income before the extraordinary item is $1,190,000.

[removed]

the extraordinary loss would be reported on the income statement at $800,000.

 

 

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