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PLEASE ANSWER THE FOLLOWING ALL PART OF ONE QUESTION The balance sheet of a firm shows beginning net fixed assets of $348,200 and ending net
PLEASE ANSWER THE FOLLOWING ALL PART OF ONE QUESTION
The balance sheet of a firm shows beginning net fixed assets of $348,200 and ending net fixed assets of $371,920. The depreciation expense for the year is $46,080 and the interest expense is $11.460. What is the amount of the net capital spending? $22,360 -$4,780 $23,720 $58,340 $69,800 Which one of the following is included in the market value of a firm but not in the book value? Raw materials Partially built inventory Tax liability Reputation of the firm Value of a partially depreciated machine Which one of the following statements related to the income statement is correct? Depreciation has no effect on taxes. Interest paid is a noncash item. Taxable income must be a positive value. Net Income is distributed either to dividends or retained earnings. Taxable income plus interest and depreciation equals earnings before interest and taxes
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