Question 45

1. Wing Company reported income before taxes of $900,000 and an extraordinary loss of $250,000. Assume that the company's tax rate is 30%. What amounts will be reported on the income statement for income before irregular items and extraordinary items, respectively?

   	A.	$650,000 and $175,000
   	B.	$650,000 and $250,000
   	C.	$630,000 and $175,000
   	D.	$630,000 and $250,000