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A company has the following account balances for 2020. All amounts are pre-tax. The company has a 40 percent effective tax rate. Sales Cost of
A company has the following account balances for 2020. All amounts are pre-tax. The company has a 40 percent effective tax rate. Sales Cost of goods sold Salaries expense Depreciation expense Dividend revenue Utilities expense Discontinued operations, loss on disposal Interest expense 100,000 60,000 8,000 11,000 9,000 1,000 ??? 2,000 If the company reports net income of $10,200, what is the pre-tax amount for loss on disposal of discontinued operations on a multiple-step income statement? Format guidance: Enter whole numbers only. Do not enter dollar signs, commas, or decimal points. Example: 0 or 817 or 3468
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