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Sandys Seashells sold its starfish division, which resulted in a $25,000 loss. Assuming a 15% tax rate, what should Sandy report as the loss on
Sandys Seashells sold its starfish division, which resulted in a $25,000 loss. Assuming a 15% tax rate, what should Sandy report as the loss on the income statement for the sale of the division?
$21,250
$25,000
$28,750
$3,750
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