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Sheridan Company sold its licorice division resulting in a loss of $80800. Assuming a tax rate of 20%, the loss on this disposal will be
Sheridan Company sold its licorice division resulting in a loss of $80800. Assuming a tax rate of 20%, the loss on this disposal will be reported on the income statement at what amount? $96960 O $16160 O $80800 O $64640
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