For the year 2019, PQR Corporation made $2,600,000 in gross revenues and $650,000 in operation and...
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For the year 2019, PQR Corporation made $2,600,000 in gross revenues and $650,000 in operation and maintenance costs. Depreciations of its capital assets for the year amounted to $260,000. The corporation is subject to an income tax rate of 26%, which translates into an income tax amount of $439,400 Determine the net after-tax cash flow for the year A. $608,400 OB. $507,000 OC. $2,160,600 OD. $1,443,000 OE. $1,510.600 OF $1,250.600 For the year 2019, PQR Corporation made $2,600,000 in gross revenues and $650,000 in operation and maintenance costs. Depreciations of its capital assets for the year amounted to $260,000. The corporation is subject to an income tax rate of 26%, which translates into an income tax amount of $439,400 Determine the net after-tax cash flow for the year A. $608,400 OB. $507,000 OC. $2,160,600 OD. $1,443,000 OE. $1,510.600 OF $1,250.600
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Ethics in Accounting A Decision Making Approach
ISBN: 978-1118928332
1st edition
Authors: Gordon Klein
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