The following are the revenue and expense accounts of the current year for ABCO Corporation:
All items are before income taxes. The income tax rate is 20%. Calculate any extraordinary gain or loss that should be disclosed on the income statement.

Question

The following are the revenue and expense accounts of the current year for ABCO Corporation:
  All items are before income taxes. The income tax rate is 20%. Calculate any extraordinary gain or loss that should be disclosed on the income statement.

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The Answer of The following are the revenue and expense accounts of the current year for ABCO Corporation:
  All items are before income taxes. The income tax rate is 20%. Calculate any extraordinary gain or loss that should be disclosed on the income statement.

The Following Are the Revenue and Expense Accounts of the Current