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Misty Company reported the following before-tax items during the current year: Sales revenue $ 600 Selling and administrative expenses 250 Restructuring charges 20 Loss on
Misty Company reported the following before-tax items during the current year:
Sales revenue | $ | 600 |
|
Selling and administrative expenses |
| 250 |
|
Restructuring charges |
| 20 |
|
Loss on discontinued operations |
| 50 |
|
Misty's effective tax rate is 40%.
What is Misty's income from continuing operations, net of tax?
A) $210.
B) $198.
C) $330.
D) $360.
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