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Question: In 2015 KRJ International reported earnings before taxes of $100,000 and tax expense of $32,000, leaving net income of $68,000. During the year it sold a warehouse with a net book value of $7,197 for $10,712; the resulting gain or loss on the sale was included in the calculation of earnings before taxes. Recalculate the company's net income with the unusual gain or loss removed.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92713219

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