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The following information was extracted from the 2014 financial statements of Max Company: Income from continuing operations before income tax $470,000 Selling and administrative expenses 320,000 Income from continuing operations 329,000 Gross profit 900,000 Income before extraordinary item 290,000 The amount reported for other expenses and losses is a. $141,000 b. $39,000. c. $110,000. d. $150,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91586082

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