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QUESTION
Dole company, with an applicable income tax rate of 30%, reported net income of $350,000. included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the
Dole company, with an applicable income tax rate of 30%, reported net income of $350,000. included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the related tax effect. the company's income before income taxes and extraordinary items was
