Jacobsen Corporation prepares its financial statements applying U.S.GAAP.During its 2016 fiscal year,the company reported before-tax income of $620,000.This amount does not include the following two items,both of which are considered to be material in amount:
The company's income tax rate is 40%.In its 2016 income statement,Jacobsen would report income from continuing operations of:

Question

Jacobsen Corporation prepares its financial statements applying U.S.GAAP.During its 2016 fiscal year,the company reported before-tax income of $620,000.This amount does not include the following two items,both of which are considered to be material in amount: 
The company's income tax rate is 40%.In its 2016 income statement,Jacobsen would report income from continuing operations of:

Quizplus · Accepted Answer

The Answer of Jacobsen Corporation prepares its financial statements applying U.S.GAAP.During its 2016 fiscal year,the company reported before-tax income of $620,000.This amount does not include the following two items,both of which are considered to be material in amount: 
The company's income tax rate is 40%.In its 2016 income statement,Jacobsen would report income from continuing operations of:

Jacobsen Corporation Prepares Its Financial Statements Applying U