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What is rayney net income for the current year

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Reference no: EM132726525

Problem - Rayney Company reported the following before-tax items during the current year:

Sales revenue $750

Selling and administrative expenses 410

Restructuring charges 40

Loss on discontinued operations 50

Rayney's effective tax rate is 20%. What is Rayney's net income for the current year?

Reference no: EM132726525

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