A debt-free firm had net income of $10,000. They were in the 20% income tax rate bracket.

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A debt-free firm had net income of $10,000. They were in the 20% income tax rate bracket. They recorded depreciation of $1,000 for the year.

What is the operating cash flow of the firm?

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Jun 13, 2023 01:04 AM

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A debt-free firm had net income of $10,000. They were in the 20% income tax rate bracket.

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To calculate the operating cash flow of the firm we need to consider the net income dep... View the full answer

Financial Accounting and Reporting a Global Perspective

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