Al Naseem Corporation 2016 income from continuing operations before income taxes was $300,000. Al Naseem...
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Al Naseem Corporation 2016 income from continuing operations before income taxes was $300,000. Al Naseem reported extraordinary loss of $60,000. Income tax is allocated as 20%. How much is the net income that Al Naseem will present in its income statement for the year 2016: a. $192,000 b. $288,000 C. $252,000 d. $240,000
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