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Unformatted text preview: (not including irregular items), and loss on disposal of discontinued flower divis $140,000. The income tax rate is 30%. Prepare a correct income statement, begi with income before income taxes. Solution Income Statement (partial) Income before income taxes Income before irregular items Discontinued operations Loss on disposal of discontinued flower division, net of Extraordinary earthquake loss net of $30,000 tax saving...
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.
- Spring '11