For the Year 2013, Foxmore Company Reports the Following Items
Question 160
Question 160
Multiple Choice
For the year 2013, Foxmore Company reports the following items as part of their financial results: Sales revenues from regular business operations Cost of goods sold Operating expenses from their regular business operations Gain on disposal of several items of property, plant & equipment Income tax expense on continuing operations Loss on the termination of a discontinued business segment, net of Lax Losses on damage caused by earthquake, net of tax $3,000,000900,000600,00015,000330,000120,000280,000 -For the year 2013, Foxmore Company reports the following items as part of their financial results: Sales revenues from regular business operations Cost of goods sold Operating expenses from their regular business operations Gain on disposal of several items of property, plant & equipment Income tax expense on continuing operations Loss on the termination of a discontinued business segment, net of Lax Losses on damage caused by earthquake, net of tax $3,000,000900,000600,00015,000330,000120,000280,000 How much is the income (loss) before extraordinary items?
A) $1,065,000 B) $1,500,000 C) $1,515,000 D) $1,185,000
Correct Answer:
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