Mistys effective tax rate is 40 and there were 1000 shares


Question - Misty Company reported the following before-tax items during the current year: Misty's effective tax rate is 40% and there were 1,000 shares of common stock outstanding. What would be Misty's income before extraordinary item(s)?

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Accounting Basics: Mistys effective tax rate is 40 and there were 1000 shares
Reference No:- TGS02583169

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