Dole company with an applicable income tax rate of 30

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Reference no: EM13480651

Dole Company, with an applicable income tax rate of 30%, reported net income of $350,000. Included in income for the period was an extraordinary loss from flood damage of $50,000 before deducting the related tax effect. The company's income before income taxes and extraordinary items was Answer $500,000. $385,000. $400,000. $550,000.

Reference no: EM13480651

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