AUDITING+ASSURANCE...(LL) >CUSTOM<
7th Edition
ISBN: 9781260191233
Author: LOUWERS
Publisher: MCG CUSTOM
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Chapter C9, Problem 4DQ
To determine
Identify the disclosures provided in Form 8-K by Company DJ, while appointing Firm BDO and the reason for providing them.
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During 2019, Bitsincoins Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information, what is Bitsincoin’s free cash flow?
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Profit margin?? Accounting
Chapter C9 Solutions
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