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use the following to answer yhe three questions The following accounts are extracted from the worksheet of X Company on December 31, 2020: Income from
use the following to answer yhe three questions
The following accounts are extracted from the worksheet of X Company on December 31, 2020: Income from continuing operations aller tures 52,000,000 . During the year, the company suffered from abnormal and infrequent hurricane damages that had resulted in a 560,000 pretas los . During the year also, the company stopped the activities of WERsement which hal resulted in a pectax operating kos of $80,000 and anet of tur low on disposal $20,000 Tax Rate was 30% Based on the data above. discontinued operations will have the following effect in the income statement: Decrease by $100,000 Decrease by $76,000 Decrease by $70,000 None of the above Based on the data above, the net extraordinary loss was: $42.000 $60,000 $18.000 None of the above Based on the data above, net income was: $1.882,000 $1,858,000 $1,864.000 None of the above Step by Step Solution
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