Table 14-4 Crane Corporation Had Operating Income of $185,000, a Loss of Loss

question 116

Multiple Choice

Table 14-4
Crane Corporation had operating income of $185,000, a loss of $25,000 from a flood and a gain of $8,000 from the sale of a machine the business owned. You are preparing the 2017 income statement. Crane Corporation is in a 25% tax bracket.
-Refer to Table 14-4. The Income from continuing operations would be:

• A) $168,000
• B) $126,000
• C) $185,000
• D) $110,880

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Definitions:

Node of Ranvier

Gaps in the myelin sheath of nerve fibers where action potentials are generated, aiding in the rapid transmission of nerve impulses.

Dendrites

Extensions of neurons that receive signals from other neurons or sensory stimuli and convey them toward the cell body.

Chemical Synapse

A type of synapse at which a chemical (neurotransmitter) is released from the axon terminal of a neuron into the synaptic cleft between neurons, facilitating neural communication.

Synaptic Cleft

The tiny gap between two neurons, across which neurotransmitters travel to transmit nerve impulses.