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On June 30,20X8,String Corporation Incurred a $220,000 Net Loss from Disposal

Question 44

Multiple Choice

On June 30,20X8,String Corporation incurred a $220,000 net loss from disposal of a business component.Also,on June 30,20X8,String paid $60,000 for property taxes assessed for the calendar year 20X8.What amount of the preceding items should be included in the determination of String's net income or loss for the six-month interim period ended June 30,20X8?


A) $250,000
B) $220,000
C) $140,000
D) $280,000

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