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Business, 20.12.2019 21:31 criser1987zach
The following information pertains to maynard corporation’s income statement for the 12 months just ended. the company has an effective income tax rate of 40%.discontinued operations $70,000extraordinary loss due to earthquake 90,000income from continuing operations (net of tax) 72,000cumulative effect of change in accounting principle 60,000maynard’s net income for the year is: a. $8,000b. $24,000c. $12,000d. $36,000
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