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Manning Company has the following items: prepare-down of inventories, $360,000; loss on disposal of Sports Division, $555,000; and loss due to strike, $339,000. Ignoring income taxes, what total amount should Manning Company report as extraordinary losses?

A) $894,000.

B) $699,000.

C) $ -0-.

D) $555,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970335

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