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From the Following Income Statement Information, Calculate Johnson's After Tax

Question 22

Multiple Choice

From the following income statement information, calculate Johnson's after tax cash flow from operations. Net sales = $2,500
Cost of goods sold = $1050
Operating expenses = $490
Depreciation = $300
Tax rate = 34%


A) $660.00
B) $990.00
C) $1257.00
D) $735.60
E) $1059.00

Correct Answer:

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