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A firm pays $1.5 million in real estate taxes per quarter, which are payable in February, May, August, and November of each year. In the
A firm pays $1.5 million in real estate taxes per quarter, which are payable in February, May, August, and November of each year. In the firm's monthly condensed cash flow budget, the income statement section for the month of October would reflect and the timingon-cash adjustments section for the month of October would reflect no expense; no timingon-cash adjustments a $500,000 expense; a $1.5 million use of cash a $500,000 expense; a $1 million use of cash a $500,000 expense; a $500,000 source of cash
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