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Fleming Company Has the Following Items: Write-Down of Inventories, $240,000;

Question 54

Multiple Choice

Fleming Company has the following items: write-down of inventories, $240,000; loss on disposal of Sports Division, $370,000; and loss due to an expropriation, $226,000.Ignoring income taxes, what total amount should Fleming Company report as extraordinary losses?


A) $226,000
B) $370,000.
C) $466,000.
D) $596,000.

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