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Rouge Company's $270,000 net income for the quarter ended September 30 included the following after-tax items: . A $25,000 cumulative effect loss resulting from a
Rouge Company's $270,000 net income for the quarter ended September 30 included the following after-tax items: . A $25,000 cumulative effect loss resulting from a change in inventory valuation method made on September 1. . $0 of the $80,000 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 $275,000. O $250,000. O $295,000. O $270,000
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