On June 30,2008,String Corporation Incurred a $220,000 Net Loss from Disposal

question 24

Multiple Choice

On June 30,2008,String Corporation incurred a $220,000 net loss from disposal of a business component.Also,on June 30,2008,String paid $60,000 for property taxes assessed for the calendar year 2008.What amount of the preceding items should be included in the determination of String's net income or loss for the six-month interim period ended June 30,2008?

• A)$250,000
• B)$220,000
• C)$140,000
• D)$280,000

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Definitions:

Quadratus Lumborum

The Quadratus Lumborum is a deep abdominal muscle that helps with the movement and stabilization of the spine.

Levator Ani

A broad, thin muscle situated on either side of the pelvis, part of the pelvic floor, that supports pelvic viscera and provides sphincter-like action in the anal canal and vagina.

Pelvic Viscera

Internal organs located within the pelvic cavity, including the bladder, rectum, and for females, the uterus and ovaries.

Urination

The process of excreting urine from the urinary bladder through the urethra to the external urinary orifice, regulated by voluntary and involuntary muscle controls.