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Meera Corporation's results for the year ended December 31, 2013, include the following material items: Sales revenue $6,200,000 Cost of goods sold 3,800,000 Selling and
Meera Corporation's results for the year ended December 31, 2013, include the following material items: Sales revenue $6,200,000 Cost of goods sold 3,800,000 Selling and administrative expenses 1,300,000 Loss on sale of investments 200,000 Loss on discontinued operations 500,000 Loss from expropriation (unusual and infrequent event) 800,000 Restructuring costs 80,000 Overstatement of amortization expense in 2012 caused by mathematical error 60,000 Meera Corporation's income from continuing operations before income taxes for 2013 is: A. $900,000. B. $820,000. C. $80,000. D. $20,000.
Meera Corporation's results for the year ended December 31, 2013, include the following material items:
Sales revenue
$6,200,000
Cost of goods sold
3,800,000
Selling and administrative expenses
1,300,000
Loss on sale of investments
200,000
Loss on discontinued operations
500,000
Loss from expropriation (unusual and infrequent event)
800,000
Restructuring costs
80,000
Overstatement of amortization expense in 2012 caused by mathematical error
60,000
Meera Corporation's income from continuing operations before income taxes for 2013 is:
A.
$900,000.
B.
$820,000.
C.
$80,000.
D.
$20,000.
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