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Business, 18.02.2020 05:34 josie17340

A review of the December 31, 2021, financial statements of Page Company revealed the following items: (1) Depreciation for 2020 was understated by $150,000 (2) The inventory at December 31, 2018 was overstated by $200,000. (3) During 2021, several factories were shut down during a major strike by employees, resulting in a loss of $125,000. Assuming a 30% tax rate, the effect of these events and transactions on 2021 income from continuing operations net of tax would be?

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