Question
in 2019, Doral Corporation (a C corporation) sold $110,000 of merchandise for which it paid $40,000. It also paid $45,000 of other expenses. All transactions
in 2019, Doral Corporation (a C corporation) sold $110,000 of merchandise for which it paid $40,000. It also paid $45,000 of other expenses. All transactions were in cash. What is Doral Corporations after-tax net cash inflow?
| A. | $100,000
| |
| B. | $60,000
| |
| C. | $19,750 | |
| D. | $25,000
|
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
