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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. Payment lags.
Which of the following is NOT directly reflected in the cash budget of a firm that is in the zero tax bracket?
a. | Payment lags. |
b. | Payment for plant construction. |
c. | Cumulative cash. |
d. | Repurchases of common stock. |
e. | Writing off bad debts. |
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