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kingbird corporation had income from continuing operations of $440,000 for year ended December 31, 2020. It also had a loss of 40,000 on discontinuance of
kingbird corporation had income from continuing operations of $440,000 for year ended December 31, 2020. It also had a loss of 40,000 on discontinuance of a division (before income taxes). All items are subjected toincome taxes at a 20% tax rate
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