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Which of the following would be most likely to occur in the year after Congress, in an effort increase tax revenue, passed legislation that forced
Which of the following would be most likely to occur in the year after Congress, in an effort
increase tax revenue, passed legislation that forced companies to depreciate equipment ove
longer lives? Assume that sales, other operating costs, and tax rates were not affected, and
assume that the same depreciation method was used for tax and stockholder reporting
purposes.
Companies' physical stocks of hweed acsets woutd inereace
Companies' cash posifions wowid derthe
Companies' cash fows wosid intrease
Companies' aftentak operating proftes wodid deoline.
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