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Which of the following is NOT directly reflected in the cash budget of a firm that is in the zero tax bracket? a. Repurchases of

Which of the following is NOT directly reflected in the cash budget of a firm that is in the zero tax bracket?

a. Repurchases of common stock.
b. Writing off bad debts.
c. Payment lags.
d. Cumulative cash.
e. Payment for plant construction.

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