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Dandy Candy Company Sold Its Licorice Division Resulting in a Loss

Question 58

Multiple Choice

Dandy Candy Company sold its licorice division resulting in a loss of $80,000. Assuming a tax rate of 25%, the loss on this disposal will be reported on the income statement at what amount?


A) $100,000
B) $20,000
C) $80,000
D) $60,000

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