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CO C) An income statement shows "income from continuous operations - before tax" in the...

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Accounting

CO C) An income statement shows "income from continuous operations - before tax" in the amount of $3,000,000. The total income taxes payable for the year are $1,500,000. The tax benefit on a loss of $40,000 on discontinued operations is included in this $1,500,000. Show the income statement format starting Income from Continuing Operations - Before Tax to Net Income

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