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Business, 20.11.2020 16:30 alogoro

Rouge Company’s $250,000 net income for the quarter ended September 30 included the following after-tax items:A $20,000 cumulative effect loss resulting from a change in inventory valuation method made on September 1.$0 of the $60,000 annual property taxes paid on February 1.For the quarter ended September 30, the amount of net income that Rouge should report is:.a. $235,000.b. $250,000.c. $255,000.d. $270,000.

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Rouge Company’s $250,000 net income for the quarter ended September 30 included the following after-...
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