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Suppose for some year the income of a small company is $118,000; the expenses are $61,000; the depreciation is $29,000; and the effective income tax
Suppose for some year the income of a small company is $118,000; the expenses are $61,000; the depreciation is $29,000; and the effective income tax rate=26%. What is the ATCF for this year? (Choose the nearest answer below). O A. The ATCF for this year is -$26,320 B. The ATCF for this year is $57,000. C. The ATCF for this year is $28,260. D. The ATCF for this year is $49,720. E. The ATCF for this year is $64,540
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