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The following information was taken from the records of Sheffield Inc. for the year 2025: Income tax applicable to income from continuing operations $209,440, income
The following information was taken from the records of Sheffield Inc. for the year 2025: Income tax applicable to income from continuing operations $209,440, income tax applicable to loss on discontinued operations $28,560, and unrealized holding gain available-for-sale debt securities (net of tax) $16,800
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