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ACO Corp. is a profitable tax paying firm. It has been using the bottomp-up approach in computing the firm's operating cash flow. We should see

ACO Corp. is a profitable tax paying firm. It has been using the bottomp-up approach in computing the firm's operating cash flow. We should see that an increase in ACO's __________ will increase its operating cash flow.

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  • salaries

  • taxes

  • fixed expenses

  • depreciation expense

  • erosion effects

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