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The Moore Enterprise has gross profit of $980,000 with amortization expense of $410,000. The Kipling Corporation has $980,000 in gross profits but only $65,000 in
The Moore Enterprise has gross profit of $980,000 with amortization expense of $410,000. The Kipling Corporation has $980,000 in gross profits but only $65,000 in amortization expense. The selling and administration expenses are $125,000; the same for each company. If the tax rate is 20 percent, calculate the cash flow for each company. Kipling Cash flow $ Difference in cash flow Moore $ Calculate the difference in cash flow between the two firms?
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