Income taxes resulted in effective tax rates

Reference no: EM131044910

A company's provision for income taxes resulted in effective tax rates attributable to loss from continuing operations before cumulative effect of change in accounting principles that varied from the statutory federal income tax rate of 34 percent, as summarized in the table below.

In 2007, the company's net income (loss) was closest to:

A. ($217,000).

B. ($329,000).

C. ($556,000).

Reference no: EM131044910

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