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Misty Company reported the following before-tax items during the current year: Sales revenue Selling and administrative expenses Restructuring charges Loss on discontinued operations $1,250 650

Misty Company reported the following before-tax items during the current year: Sales revenue Selling and administrative expenses Restructuring charges Loss on discontinued operations $1,250 650 20 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year? Multiple Choice $475 $395 Multiple Choice O $475. O $395. $405. O $435

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