Question
For the recently completed fiscal year, Royal Tees Inc. produced net income of $22,500, had a depreciation expense of $12,500, total cost of goods sold
For the recently completed fiscal year, Royal Tees Inc. produced net income of $22,500, had a depreciation expense of $12,500, total cost of goods sold were $24,250, and taxes paid of $2,500. Given this information, the cash flow generated was:
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
