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Last year, the sales at Jersey Company were $200,000 and were all cash sales. The tax-deductible expenses at Jersey were $125,000 and were all cash
Last year, the sales at Jersey Company were $200,000 and were all cash sales. The tax-deductible expenses at Jersey were $125,000 and were all cash expenses. The tax rate was 30%. What was the after-tax net cash inflow at Jersey last year from these operations?
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
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