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Sandstrom Corporation Has an Extraordinary Loss of $200,000, an Unusual

Question 93

Multiple Choice

Sandstrom Corporation has an extraordinary loss of $200,000, an unusual gain of $140,000, and a tax rate of 40%. At what amount should Sandstrom report each item?Extraordinary loss Unusual gain


A) $(200,000) $140,000
B) (200,000) 84,000
C) (120,000) 140,000
D) (120,000) 84,000

Correct Answer:

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