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The tax benefit of the loss amounts to 123000 if income

Devon's Central Processing Agency suffered a $560,000 loss due to a disaster that qualifies as an extraordinary item for financial statement purposes. The tax benefit of the loss amounts to $123,000. If income from continuing operations (net of tax) amounted to $1,300,500w, hat is net income?

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Accounting Basics: The tax benefit of the loss amounts to 123000 if income

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Accounting Basics: The tax benefit of the loss amounts to 123000 if income

Reference No:- TGS0780382

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