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Abu Dhabi Company, with an applicable income tax rate of 30% reported net income of 560000. Included in income for the period was an extraordinary

Abu Dhabi Company, with an applicable income tax rate of 30% reported net income of 560000. Included in income for the period was an extraordinary loss from flood damages of 80000 before deducting the related tax effect. Compute the company income before income taxes and extraordinary items was

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