On June 30,20X8,String Corporation incurred a $220,000 net loss from disposal of a business component.Also,on June 30,20X8,String paid $60,000 for property taxes assessed for the calendar year 20X8.What amount of the preceding items should be included in the determination of String's net income or loss for the six-month interim period ended June 30,20X8?
A)$250,000
B)$220,000
C)$140,000
D)$280,000

Question

Quizplus · Accepted Answer

The Answer of On June 30,20X8,String Corporation incurred a $220,000 net loss from disposal of a business component.Also,on June 30,20X8,String paid $60,000 for property taxes assessed for the calendar year 20X8.What amount of the preceding items should be included in the determination of String's net income or loss for the six-month interim period ended June 30,20X8?
A)$250,000
B)$220,000
C)$140,000
D)$280,000

On June 30,20X8,String Corporation Incurred a $220,000 Net Loss from Disposal