FINANCIAL+MANAGERIAL ACCT W/CONNECT
FINANCIAL+MANAGERIAL ACCT W/CONNECT
9th Edition
ISBN: 9781307711547
Author: Wild
Publisher: MCG/CREATE
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Accounting/Cash flow : Camel Corporation (a C corporation) sold $100,000 of merchandise for which it paid $40,000. It also paid $35,000 of other expenses. All transactions were in cash. What is Camel Corporation's after-tax net cash inflow? [Assume the corporate tax rate is 15%] a. $100,000 b. $21,250 c. $25,000 d. $60,000 choose correct option
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