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TCO C) An income statement shows income before income taxes and extraordinary items in the amount of $3,000,000. The income taxes payable for the year
TCO C) An income statement shows "income before income taxes and extraordinary items" in the amount of $3,000,000. The income taxes payable for the year are $1,500,000, including $260,000 that is applicable to an extraordinary gain. Thus, what is the "income before extraordinary items"?
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