Apollo Company incurred the following infrequent losses during 2014:
•A loss of $550,000 on disposal of two of three similar manufacturing plants; company continues to operate the third plant.
•A loss of $150,000 from a write-down of inventories to market.
•Shutdown losses from a major strike at one of Apollo's plants totaled $340,000.
•A loss of $140,000 due to early extinguishment of long-term debt.
In its 2014 income statement how much should Apollo report as total infrequent losses that are not considered extraordinary?

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The Answer of Apollo Company incurred the following infrequent losses during 2014:
•A loss of $550,000 on disposal of two of three similar manufacturing plants; company continues to operate the third plant.
•A loss of $150,000 from a write-down of inventories to market.
•Shutdown losses from a major strike at one of Apollo's plants totaled $340,000.
•A loss of $140,000 due to early extinguishment of long-term debt.
In its 2014 income statement how much should Apollo report as total infrequent losses that are not considered extraordinary?

Apollo Company Incurred the Following Infrequent Losses During 2014