Misty Company reported the following before-tax items during the current year: Sales revenue $ Selling and administrative 1,600 expenses 860 Restructuring charges 20 Loss on discontinued operations 40 Misty's effective tax rate is 25%. What Misty's net income the current year? $540 $580 $510 $500
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Misty Company reported the following before-tax items during the current year:
Sales revenue
$
Selling and administrative
1,600
expenses
860
Restructuring charges
20
Loss on discontinued operations
40
Misty's effective tax rate is 25%.
What Misty's net income the current year?
$540
$580
$510
$500
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Solved in 2 steps
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