Question:The Rand Corporation has income before taxes of $400,000 and an extraordinary loss of $100,000. If the income tax rate is 25% on all times, the income statement should show income before extraordinary items and extraordinary items, respectively, of: 

A $325,000 and $100,000 
B $325,000 and $75,000 
C $300,000 and $100,000 
D $300,000 and $75,000 

+ Answer
D 

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Md. Saydul Alam

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