Garwood Company Has the Following Items: Write-Down of Inventories, $360,000;

question 46

Multiple Choice

Garwood Company has the following items: write-down of inventories, $360,000; loss on disposal of Sports Division, $555,000; and loss due to an expropriation, $359,000. Ignoring income taxes, what amount should Garwood Company report as extraordinary losses?

• A) $359,000
• B) $555,000.
• C) $719,000.
• D) $914,000.

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