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Misty Company reported the following before-tax items during the current year:

Sales $620
Operating expenses 270
Restructuring charges 20
Extraordinary loss 50

Misty's effective tax rate is 20%.

What is Misty's income before extraordinary item(s)?

a) $250

b) $380

c) $264

d) $330

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M938352

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