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If the change in cash shown on a Cash Flow Statement is positive, this shows that the company must have made profits in the past
If the change in cash shown on a Cash Flow Statement is positive, this shows that the company must have made profits in the past year. True False QUESTION 15 The correct amount of depreciation expense to add back in a Cash Flow Statement:is always: a. the amount shown in the income statement. b. the amount of change seen in the Accumulated Depreciation account. c. the amount of change seen in the Equipment account. d. the amount of change seen in the Cash account. e. None of the above. QUESTION 16 If the income tax rate is 39%, the Before-Tax profit equal to an After-tax profit of $58,000 is:(to the nearest dollar) a. $148,718 b. $125,984 c. $95,082 d. $77.421
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