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Operating activities resulted in EBITDA of $500,000. Depreciation for the year was $42,000. Interest paid on loans was $24,000, and principal was $20,000. Hotel
Operating activities resulted in EBITDA of $500,000. Depreciation for the year was $42,000. Interest paid on loans was $24,000, and principal was $20,000. Hotel has a 35% income tax rate. EBITDA Depreciation Interest on Loan EBT Tax NET INCOME Depreciation Loan Principal NET CASH FLOW What is the Net Cash Flow for the year ending December 31, 2018?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
