Snead, Inc. incurred the following infrequent losses during 2008:
In its 2008 income statement, what amount should Snead report as total infrequent losses that are not considered extraordinary?
A) $170,000
B) $130,000
C) $110,000
D) $100,000

Question

Snead, Inc. incurred the following infrequent losses during 2008:
 In its 2008 income statement, what amount should Snead report as total infrequent losses that are not considered extraordinary?
A) $170,000 
B) $130,000 
C) $110,000 
D) $100,000

Quizplus · Accepted Answer

$70,000 + $40,000 + $60,000 = $170,000