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33) Mathis Co. reports $100,000 of pretax financial income in 2023, its first year of operations. This amount includes a $15,000 deduction for a contingent

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33) Mathis Co. reports $100,000 of pretax financial income in 2023, its first year of operations. This amount includes a $15,000 deduction for a contingent loss which is not deductible for tax purposes until paid. Mathis' 2023 net income is A) $92,000. B) $80,000. C) $77,000. D) $95,000

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