King Inc.incurred the following infrequent losses during 2017:
A $90,000 write down of equipment leased to others (net of tax)
A $40,000 adjustment of accruals on long-term contracts (net of tax)
A $60,000 write off of obsolete inventory (net of tax)
Of those losses, what amount should be included in King's 2014 income from continuing operations?
A)$190,000
B)$150,000
C)$130,000
D)$100,000

Question

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The Answer of King Inc.incurred the following infrequent losses during 2017:
A $90,000 write down of equipment leased to others (net of tax)
A $40,000 adjustment of accruals on long-term contracts (net of tax)
A $60,000 write off of obsolete inventory (net of tax)
Of those losses, what amount should be included in King's 2014 income from continuing operations?
A)$190,000
B)$150,000
C)$130,000
D)$100,000

King Inc.incurred the Following Infrequent Losses During 2017