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(Solution) - Misty Company reported the following before tax items during the

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Misty Company reported the following before-tax items during the current year:
Sales ............. $600
Operating expenses ....... 250
Restructuring charges ....... 20
Extraordinary loss ........ 50
Misty's effective tax rate is ..... 40%
What would be Misty's net income for the current year?
A. $168
B. $198
C. $148
D. $112


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This question was answered on: Jul 11, 2017

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