Solution-During the year ended december 31 2014 schmelya

During the year ended december 31 2014 schmelya corporation

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Reference no: EM13567732

During the year ended December 31, 2014, Schmelya Corporation incurred the following infrequent losses:

A factory was shutdown during a major strike by employees; costs were $120,000.
A loss of $50,000 was incurred on the abandonment of computer equipment used in the business.
A loss of $82,000 was incurred as a result of flood damage to a warehouse.

How much total loss should Schmelya report in the extraordinary item section of its 2014 income statement?

$82,000.
$120,000.
$202,000.
$252,000.

Reference no: EM13567732

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During the year ended december 31 2014 schmelya corporation

Reference no: EM13567732

Reference no: EM13567732

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