For a recent period, Circuit City Stores reported accrued expenses of $202,675 thousand. For the same period,

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For a recent period, Circuit City Stores reported accrued expenses of $202,675 thousand. For the same period, Circuit City reported a loss before income taxes of $1,240 thousand. If accrued expenses had not been recorded, what would have been the income (loss) before income taxes?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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