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Business, 24.10.2019 03:00 idontknow1993

The following are partial income statement account balances taken from the december 31, 2018, year-end trial balance of white and sons, inc.: restructuring costs, $300,000; interest revenue, $40,000; before-tax loss on discontinued operations, $400,000; and loss on sale of investments, $50,000. income tax expense has not yet been recorded. the income tax rate is 40%.

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