Question
For the year 2019, PQR Corporation made $2,500,000 in gross revenues and $625,000 in operation and maintenance costs. Depreciations of its capital assets for
For the year 2019, PQR Corporation made $2,500,000 in gross revenues and $625,000 in operation and maintenance costs. Depreciations of its capital assets for the year amounted to $250,000. The corporation is subject to an income tax rate of 32%, which translates into an income tax amount of $520,000. Determine the net after-tax cash flow for the year O A. $1,275,000 OB. $1,980,000 O C. $1,105,000 D. $600,000 O E. $1,355,000 OF. $720,000
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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