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Question - During its most recent fiscal year, Dover, Inc. had total sales of $3,360,000. Contribution margin amounted to $1,580,000 and pretax income was $520,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question?
$2,100,000.
$2,840,000.
$1,260,000.
$1,060,000.
$1,780,000.
On July 23 of the current year, Dakota Mining Co. pays $4,836,000 for land estimated to contain 7,800,000 tons of recoverable ore.
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