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Romulus Corporation Incurred the Following Losses During 2012: Assuming

Question 73

Multiple Choice

Romulus Corporation incurred the following losses during 2012: Romulus Corporation incurred the following losses during 2012: Assuming that Romulus has a 40% income tax rate, what amount of net loss should Romulus report as extraordinary on its annual income statement? A) $96,000 B) $144,000 C) $259,200 D) $499,200 Assuming that Romulus has a 40% income tax rate, what amount of net loss should Romulus report as extraordinary on its annual income statement?


A) $96,000
B) $144,000
C) $259,200
D) $499,200

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