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Rouge Company's $258,000 net Income for the quarter ended September 30 included the following after-tax items: A $22,000 cumulative effect loss resulting from a change

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Rouge Company's $258,000 net Income for the quarter ended September 30 included the following after-tax items: A $22,000 cumulative effect loss resulting from a change in inventory valuation method made on September 1. . $0 of the $68,000 annual property taxes paid on February 1, For the quarter ended September 30, the amount of net income that Rouge should report is Multiple Choice O $280,000 O $258,000 $241,000 $263,000

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