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Question(s) / Instruction(s):

Cindy Cane Corporation has income before taxes of $400,000 and an extraordinary gain of $100,000. If the income tax rate is 25% on all items, the income statement should show income before irregular items and extraordinary items, respectively, of

A.            $325,000 and $100,000

B.            $325,000 and $75,000

C.            $300,000 and $100,000

D.            $300,000 and $75,000

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