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Misty Company reported the following before-tax items during the current year (use data for 31 and 32 below What would be Misty's income before taxes
Misty Company reported the following before-tax items during the current year (use data for 31 and 32 below What would be Misty's income before taxes and before discontinued items? a. $198 b. $210 c. $330 d. $360 e. neither is correct What would be Misty's net income for the current year? a. $148 b. $168 c. $112 d. neither is correct Which of the following is never a current liability account? a. Accrued payroll b. Dividends payable c. Prepaid rent d. Subscriptions collected in advance Note payable a. Is a current liability b. Usually has a debit balance c. Is a non-current liability d. Cannot determine its classification without additional information Use the following data to complete items 35, 36 and 37 below: Redwood Inc. has the following data: Redwood's total cash inflow from operating activities is: a. 1900 b. 2000 c. 2100 d. 2600
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