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If plant assets of a manufacturing company are sold at a gain of...

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Accounting

If plant assets of a manufacturing company are sold at a gain of $1,800,000 with related taxes of $540,000 is not considered unusual or infrequent, the income statement for the period would disclose these effects
a gain of $1,800,000 and an increase in income tax expense of $540,000.
operating income net of applicable taxes, $1,260,000,
a prior period adjustment net of applicable taxes, $1,260,000.
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