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Paris Company sold an asset with a $78,300 adjusted tax basis for $100,000. The purchaser paid $30,000 in cash and assumed Paris's $70,000 mortgage on
Paris Company sold an asset with a $78,300 adjusted tax basis for $100,000. The purchaser paid $30,000 in cash and assumed Paris's $70,000 mortgage on the asset. Compute Paris's net cash flow from the sale assuming a 35% tax rate. Group of answer choices $22,405 $13,095 $14,105 None of the above
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