The 20X9 income statement of United Cable Company included the following: Compute the total after-tax effect on
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The 20X9 income statement of United Cable Company included the following:
Compute the total after-tax effect on cash. Use the format of the second part of Exhibit 11-3, page 446, “Annual Cash Flow Effects.”
Transcribed Image Text:
S1,700,000 Sales Less: Expenses, excluding depreciation Depreciation Total expenses Income before taxes Income taxes (37%) Net income 350,000 425,000 S 775,000 S 925,000 342,250 S 582,750
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Cash effect of operations Cash inflow from operations 1700000 350000 135...View the full answer
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Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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