Question: Tropical Vacations suffered a 1 070 000 loss due to a

Tropical Vacations suffered a $ 1,070,000 loss due to a tsunami, which qualifies as an extraordinary item for financial statement purposes. The tax benefit of the loss amounts to $ 155,000. If income from continuing operations (net of tax) amounted to $ 1,861,250, what is net income?


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  • CreatedSeptember 01, 2014
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