On june 30, 20x5, mill corp. incurred a $100,000 net loss from disposal of a business segment. also, on june 30, 20x5, mill paid $40,000 for property taxes assessed for the calendar year 20x5.
what amount of the foregoing items should be included in the determination of mill's net income or loss for the six-month interim period ended june 30, 20x5?
a) $140,000
b) $120,000
c) $90,000
d) $70,000
Answers: 2
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On june 30, 20x5, mill corp. incurred a $100,000 net loss from disposal of a business segment. also,...
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