Fleming Company Has the Following Items: Write-Down of Inventories, $240,000;

question 54

Multiple Choice

Fleming Company has the following items: write-down of inventories, $240,000; loss on disposal of Sports Division, $370,000; and loss due to an expropriation, $226,000.Ignoring income taxes, what total amount should Fleming Company report as extraordinary losses?

• A)$226,000
• B)$370,000.
• C)$466,000.
• D)$596,000.

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