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The following items appeared in the year-end trial balance for Coffee Bean Company: Debits Credits Revenues $ 600,000 Operating expenses $ 420,000 Income on discontinued
The following items appeared in the year-end trial balance for Coffee Bean Company: Debits Credits Revenues $ 600,000 Operating expenses $ 420,000 Income on discontinued operations 200,000 Restructuring costs 100,000 Interest expense 20,000 Gain on sale of investments 30,000 Income tax expense has not yet been accrued. The company's income tax rate is 25%. What amount should be reported in the company's income statement as income from continuing operations after taxes
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