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please use same values. KLM, Inc 2009 Statement of comprehensive income Net sales $3,685 Cost of goods sold $3.180 Depreciation S104 Earnings before interest and
please use same values. KLM, Inc 2009 Statement of comprehensive income Net sales $3,685 Cost of goods sold $3.180 Depreciation S104 Earnings before interest and taxes S401 Interest paid $25 Taxable income $376 Taxes S128 Net income $248 Dividends paid S60 Addition to retained earnings S188 KLM Corporation Statement of financial positions as of December 31, 2008 and 2009 2008 2009 2008 2009 Cash $ 520 S 601 Accounts payable $ 621 $ 704 Accounts rec. $ 235 $ 219 Notes payable $ 333 S 272 Inventory $ 964 $ 799 Current liabilities $ 954 $ 976 Current assets $1.719 S1.619 Long-term debt $ 350 $ 60 Net fixed assets $ 890 $ 930 Common stock $ 800 S 820 Retained earnings $ 305 $ 693 Total assets $2,609 $2.549 Total liabilities and Owner's equity $2.609 $2,549 a)Calculate CFFA according to both approaches. Show all the necessary steps with the calculations (50 marks) b) Discuss in detail the concepts of capital gains, CCA recapture and terminal loss in relation to the concept of depreciation and taxes (50 marks)
please use same values.
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