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Intermediate 4. Company NFR has $ 500,000 of income before tax, and a gain from discontinued operations that is equal to $100,000, as well as
Intermediate
4. "Company NFR" has $ 500,000 of "income before tax", and a gain from discontinued operations that is equal to $100,000, as well as "Unrealized gain from financial securities (holding)" of $ 300,000. What is the "net income" for "company NER" if tax rate was 10%?* (2 points) O $ 540,000 O $ 820,000 O $810,000 O $ 550,000Step by Step Solution
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