Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and taxes of $6
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Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and taxes of $6 million. Interest payable increased by $3 million, and taxes payable decreased by $4 million over the period. How much cash did the company pay for interest and taxes?
A. $22 million for interest and $10 million for taxes.
B. $16 million for interest and $2 million for taxes.
C. $16 million for interest and $10 million for taxes.
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Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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