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George Company had the following data for the current year. What is the income from continuing operations for the year? Net Sales Discontinued Operations
George Company had the following data for the current year. What is the income from continuing operations for the year? Net Sales Discontinued Operations Gain (after tax) Cost of Goods Sold Income Tax rate Income Tax rate Operating Expenses Other Income and (Expenses): Gain on Sale of Equipment Loss on Disposal of Equipment A. $41,400 B. $69,000 c. $57,000 D. $74,400 $157,000 15,000 85,000 40% 15,000 17,000 (5,000)
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