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You are the accountant for Dandarion company, you have started the process of financial statements preparation for the year ended 2020. You are currently working

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You are the accountant for Dandarion company, you have started the process of financial statements preparation for the year ended 2020. You are currently working on the income statement and you have calculated the Income from operation which was $2,240,000. And you have the following income statement related accounts which were not included in the calculation of operating income 2 Depreciation expense-40,900 selling Unrealized holding 17,820 gain on non-trading investment Unrealized holding 9,000 gain on trading investment Interest revenue 12,000 Interest expense 13,600 gain on sale of C 160,000 division Income generated 123,000 12,640 Gains on foreign currency related transactions Assume that the company had 180,000 outstanding shares during the year of 2020, declared and paid 100,000 dividends during the year and subject to 35% tax rate. Question 6 Not yet answered Marked out of 1.00 Flag question How much is the correct operating income How much is income before income tax Answer:

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