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What amount will torino report as a non-recurring loss

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During the year 2018, Torino Corporation suffered a $1,160,000 loss when its factory was severely damaged in an earthquake. Assuming the corporate income tax rate is 40%, what amount will Torino report as a non-recurring loss on its income statement for 2018? Assume earthquakes are not common in this area.

Reference no: EM132327097

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