Misty Company reported the following before-tax items during the current year: Sales ............. $600 Operating expenses .......
Question:
Sales ............. $600
Operating expenses ....... 250
Restructuring charges ....... 20
Extraordinary loss ........ 50
Misty's effective tax rate is ..... 40%
What would be Misty's net income for the current year?
A. $168
B. $198
C. $148
D. $112
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