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Bashful Corporation had income before income taxes for the year of $6,000,000. In addition, it suffered an unusual and infrequent pretax loss of $391,755 from
Bashful Corporation had income before income taxes for the year of $6,000,000. In addition, it suffered an unusual and infrequent pretax loss of $391,755 from an earthquake. The corporation's tax rate is 26%. At what specific amount will the loss from the earthquake appear on the income statement?
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