Garwood Company has the following items: write-down of inventories, $240,000; loss on disposal of Sports Division, $370,000; and loss due to an expropriation, $226,000. Ignoring income taxes, what total amount should Garwood Company report as extraordinary losses?

a. $226,000
b. $370,000.
c. $466,000.
d. $596,000.

Ans: a. $226,000

Business

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