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A company reported the following results of its operations for 2006: Loss from discontinued operations (pre-tax) $9,000 Net income (after tax) 32,600 Income tax rate

A company reported the following results of its operations for 2006:

Loss from discontinued operations (pre-tax) $9,000
Net income (after tax) 32,600
Income tax rate 40%

Income from continuing operations was:

Multiple Choice

  • $38,000.

  • $32,600.

  • $41,600.

  • $27,200.

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