In 2010, the Sykes Company Wrote Off a $100, 000

Multiple Choice

In 2010, the Sykes Company wrote off a $100, 000 debt from a major customer, lost $1, 250, 000 when a foreign country devalued its currency, gained $2, 000, 000 when a manufacturing plant was destroyed by a flood, lost $500, 000 on the early retirement of its long-term bonds, and lost $75, 000 on the sale of stock from its investment portfolio.What amount of extraordinary items (before income taxes) will Sykes report in 2010?

A) $ 250, 000
B) $ 175, 000
C) $2, 000, 000
D) $1, 425, 000