Newfangled Dangle Systems had an after-tax profit of $1,000,000 last year. His expenses included $50,000 of interest,
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Newfangled Dangle Systems had an after-tax profit of $1,000,000 last year. His expenses included $50,000 of interest, $100,000 of deferred taxes, and $150,000 of depreciation. In addition, the company paid dividends of $200,000 to its shareholders last year. What was Newfangled's after-tax cash flow last year?
Related Book For
Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts
ISBN: 9780134550923
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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