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Find income statement should show income before irregular

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Question 1: Crane Corporation has income before taxes of $390000 and an extraordinary gain of $90000. If the income tax rate is 20% on all items, the income statement should show (1) income before irregular items and (2) extraordinary items, respectively, of

Option 1: $300000 and $78000

Option 2: $318000 and $78000

Option 3: $300000 and $72000

Option 4: $318000 and $72000.

Reference no: EM132650863

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