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What is misty income from continuing operations

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Reference no: EM132949846

Misty Company reported the following before-tax items during the current year:

Sales revenue$1,400

Selling and administrative expenses 740

Restructuring charges 20

Loss on discontinued operations 80

Misty's effective tax rate is 25%.

Problem 1: What is Misty's income from continuing operations?

Multiple Choice

Option 1: $480.
Option 2: $495.
Option 3: $560.
Option 4: $690.

Reference no: EM132949846

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