the extraordinary loss will be reported at $240,000.
the extraordinary loss would be reported on the income statement at
$800,000.
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Multiple Choice Question 65
Darius, Inc. has the following income statement (in millions):
DARIUS, INC.
Income Statement
For the Year Ended December 31, 2012
Net Sales $300
Cost of Goods Sold 120
Gross Profit 180
Operating Expenses 44
Net Income $136
Using vertical analysis, what percentage is assigned to Net Income?
100%
75.6%
45.3%
None of these
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