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Misty Company reported the following before-tax items during the current year Sales $600 perating expenses 250 Restructuring charges 20 Extraordinary loss 50 Misty’s effective tax rate

Misty Company reported the following before-tax items during the current year:Sales …………. $600Operating expenses ……. 250Restructuring charges ……. 20Extraordinary loss …….. 50Misty’s effective tax rate is ….. 40%What would be Misty’s net income for the current year?A. $168B. $198C. $148D. $112 

Mar 30 2020 Read more Less More

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