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Fun Company has operating income of $300,000 and interest expense of $100,000. If it faces an average state-plus-federal tax rate of 40%, what is its
Fun Company has operating income of $300,000 and interest expense of $100,000. If it faces an average state-plus-federal tax rate of 40%, what is its net income? $80,000 $120,000 $160,000 $200,000 Question 4 (3 points) Which of the following generally results in an increase in cash from operating activities? Inventory increases Debt increases Accounts receivable increases Dividends increase Accrued expenses increase MacBook Air 000 000 II F3 F4 F5 F6 F7 F8 $ %
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