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Accounting 100 Question. Just finished the semester, and want to work out some extra problems.?

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  • Accounting 100 Question. Just finished the semester, and want to work out some extra problems.?


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Answer #1 | 19/12 2013 23:44
YADIER CORPORATION Partial Income Statement For the Year Ended December 31, 2010 Income from continuing operations$290,000 Gain on discontinued division net of $9,000* income taxes 21,000 [$30,000 - (30,000 x 30%)] Income before extraordinary item 311,000 Extraordinary item Extraordinary loss, net of $24,000 income tax saving 56,000** Net income $255,000 *(30,000 x 30%) **($80,000 - 24,000)
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