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Business, 03.08.2020 09:01 kevinmoore2884

Jacobsen Corporation prepares its financial statements applying U. S. GAAP. During its 2016 fiscal year, the company reported before-tax income of $621,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain $201,000 Loss on discontinued operations (301,000) The company's income tax rate is 30%. In its 2016 income statement, Jacobsen would report income from continuing operations of:

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Jacobsen Corporation prepares its financial statements applying U. S. GAAP. During its 2016 fiscal y...
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