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What would be mistys income before extraordinary item

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Reference no: EM131767576

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

Sales - $600
Operating expenses - $250
Restructuring charges - $20
Extraordinary loss - $50

Misty's effective tax rate is 40%, and there were 1,000 shares of common stock outstanding:

What would be Misty's income before extraordinary item(s)?

Reference no: EM131767576

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