James, Inc

Multiple Choice

James, Inc. incurred the following infrequent losses during 2014:A $210,000 write-down of equipment leased to others.A $120,000 adjustment of accruals on long-term contracts.A $180,000 write-off of obsolete inventory.In its 2014 income statement, what amount should James report as total infrequent losses that are not considered extraordinary?

A) $510,000.
B) $390,000.
C) $330,000.
D) $300,000.