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Husky Co. reports an operating income of $60,000 in 2022. It also realized...

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Accounting

Husky Co. reports an operating income of $60,000 in 2022. It also realized a loss of $20,000 due to debt extinguishment in 2022. Assume Husky Co.s income tax is 40% and it has no discontinued operations in 2022. How much net income should the company report in 2022?

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