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Question 3 1.4 pts Continuing with the information presented in #1 above, Pitchfork Inc has Income from Continuing Operations (ICO) of $1,700,000 and a corporate
Question 3 1.4 pts Continuing with the information presented in #1 above, Pitchfork Inc has Income from Continuing Operations (ICO) of $1,700,000 and a corporate tax rate of 30%. Determine if ICO should be adjusted based on the following information: 3. During 2020, Pitchfork closed one of its stores for a pre-tax loss of $150,000. This store closure did not qualify as a component of the entity, nor did it create a strategic shift in the operations of the entity. Therefore, it should not be treated as Discontinued Operations. The $150,000 restructuring charges were excluded in determining the $1,700,000 income from continuing operations. To correct I.C.O., the Adjustment for Restructuring Charges would be $[Blank_3] To add to ICO, use a positive number, to subtract from ICO, enter a negative number using () parenthesis; if no adjustment is necessary, enter NE
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