Chase Corp

question 68

Multiple Choice

Chase Corp. had the following infrequent transactions during 2014:A $375,000 gain from selling the only investment Chase has ever owned.A $525,000 gain on the sale of equipment.A $175,000 loss on the write-down of inventories.In its 2014 income statement, what amount should Chase report as total infrequent net gains that are not considered extraordinary?

• A) $200,000.
• B) $350,000.
• C) $725,000.
• D) $900,000.

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