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Compute amount reported for other expenses and losses

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Reference no: EM132679668

Question - The following information was extracted from the 2020 financial statements of Ivanhoe Company:

Income from continuing operations before income tax $703000

Selling and administrative expenses 470500

Income from continuing operations 503500

Gross profit 1355000

Assuming that there are no other revenues and gains, compute amount reported for other expenses and losses?

Reference no: EM132679668

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