Intermediate Accounting I Sect Homework: Chapter 5 MyLabHW Part One of Three Question 3, BMC5- Allison Corporation's current year income from continuing operations before taxes was $1,000,000 before taking the following Depreciation was understated by $100,000. A strike by the employees of a supplier resulted in a loss of $200,000. This strike was the first such strike that Allison H The inventory at December 31 of the prior year was overstated by $300,000. The inventory at December 31 of the cura A flood in Allison's Houston facility destroyed equipment worth $500,000. The facility had just been rebuilt from damag What was Allison's adjusted income from continuing operations before taxes? A. $1,000,000 B. $900,000 C. $700,000 D. $500,000