Recalculate the company net income with the unusual gain

Reference no: EM131884872

Question: In 2015 KRJ International reported earnings before taxes of $100,000 and tax expense of $32,000, leaving net income of $68,000. During the year it sold a warehouse with a net book value of $7,197 for $10,712; the resulting gain or loss on the sale was included in the calculation of earnings before taxes. Recalculate the company's net income with the unusual gain or loss removed.

Reference no: EM131884872

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