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Firm ABC Has Operating Profits of $100,000, Taxes of $17,000

Question 81

Multiple Choice

Firm ABC has operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends of $5,000. What is the firm's net income after taxes?


A) $44,000
B) $66,000
C) $49,000
D) $83,000

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