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Colfax Corporation's financial statements for the current year include the following: Income from continuing operations before tax $ 780,400 Income tax expense $ 84,000 Prior
Colfax Corporation's financial statements for the current year include the following:
Income from continuing operations before tax | $ | 780,400 | |
Income tax expense | $ | 84,000 | |
Prior period adjustment (decrease in prior year net income, net of taxes) | $ | 125,800 | |
Cash dividends paid to preferred stockholders | $ | 133,320 | |
Gain from discontinued operations (net of taxes) | $ | 743,200 | |
Non-recurring loss | $ | 188,400 | |
On the basis of this information, net income for the current year is:
rev: 11_21_2018_QC_CS-143121, 09_18_2019_QC_CS-180727
Multiple Choice
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$1,439,600
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$696,400
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$1,251,200
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$570,600
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