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Misty Company reported the following before-tax items during the current year: Sales revenue $650 Selling and administrative expenses 290 Restructuring charges 20 Loss on discontinued

Misty Company reported the following before-tax items during the current year: Sales revenue $650 Selling and administrative expenses 290 Restructuring charges 20 Loss on discontinued operations 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year? Multiple Choice $295. $225. $255. $215

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