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Problem: After-Tax Cash Flows
For each of the following independent situations, compute the net after-tax cash flow amount by subtracting cash outlays for operating expenses and income taxes from cash revenue. The cash outlay for income taxes is determined by applying the income tax rate to the cash revenue received less the cash and noncash (depreciation) expenses.
Cash revenue received
$95,000
$455,000
$225,000
Cash operating expenses paid
57,000
318,000
146,250
Depreciation on tax return
14,250
45,500
22,500
Income tax rate
40%
30%
20%
A business is purchased for 250,000. The fair market value of assets are equipment 90,000, building 135,000, and goodwill 15,000. What is the cost basis for each asset?
Vincent Corporation has 100,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 5% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $132 a share on June..
cash 23800 debit as reported on bank statementsupplies 300 debit only 200 of supplies still existunearned revenue 1500
mytime inc. produces electronic timepieces. the company uses mini-lcd displays for its products. each timepiece uses
Selected accounts for Nina's Salon are presented below. All June 30 postings are from closing entries.
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determine whether each of the following would be reported in the financing activities section of the statement of cash
complete the following for the communications company centurylink in an excel spreadsheet1. horizontal and vertical
Develop a plan for an event (e.g., golf tournament; gala ball; annual meeting; or a series of lectures, workshops, or seminars where a fee is charged for attendance or participation) for your organization.
How significant do you believe this change is to the lease coverage in our current
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