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Omaha, Inc., is expected to have the following cash revenues and expenses (other than depreciation) in 20x7:
Sales $88,000
Selling, general, and admin, expenses(excluding depreciation) 10,000
Depreciation expense $5,000
income tax expense 3,000
cost of goods sold 45,000
Question 1: What Omaha's estimated 20x7 net cash flows ARE :
Option A. 30,000
Option B. 27,000
Option C. 20,000
Option D. 25,000
Paul owns? 100% of Coleman ?Corporation, an S corporation. Paul has a $ 105,000 stock basis on January 1. Paul actively participates in Coleman?'s business. Coleman?'s operating results were not good in the current? year, with the corporation reporti..
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Bakers Bagels, Inc., produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $0.20 per unit to produce. The company is considering further processing the bagels into two products: bagels with ..
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