Next Page Page 14 of 25 Question 14 (6 points) ABC Company engaged in a current-year transaction that required a $20,000 cash outflow. Which of the following statements is true? If the cash outflow is deductible and ABC's marginal tax rate is 30%, the tax savings from the transaction is $6,000. All of the above are true. If the cash outflow is not deductible, the current-year tax savings of the transaction is zero. If the cash outflow is deductible and ABC's marginal tax rate is 20%, the tax savings from the transaction is $4,000. Page 14 of 2 Next Page F10 F11 F9 FB F7 X F6 > $ & 7 % 5 9 8 6