Question
The Moab Corporation had sales of $480,000 and expenses of $214,000 last year. All sales were cash sales and all expenses were cash expenses. Moab
The Moab Corporation had sales of $480,000 and expenses of $214,000 last year. All sales were cash sales and all expenses were cash expenses. Moab Corporation's tax rate is 30%. The after-tax net cash inflow at Moab last year was:
A. $336,000
B. $79,800
C. $64,200
D. $186,200
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Financial Accounting
Authors: Anne Britton, Chris Waterston
5th edition
273719300, 273719304, 978-0273719304
