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Logan Corp

question 56

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Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2014 included the following: Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2014 included the following:   Other information:Logan's income tax rate is 30%. Finished goods inventory:January 1, 2014 $160,000December 31, 2014 140,000On Logan's multiple-step income statement for 2014,Extraordinary loss is A)  $16,800. B)  $24,000. C)  $29,400. D)  $42,000. Other information:Logan's income tax rate is 30%. Finished goods inventory:January 1, 2014 $160,000December 31, 2014 140,000On Logan's multiple-step income statement for 2014,Extraordinary loss is


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