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For a Given Year,Mfg

Question 89

Multiple Choice

For a given year,Mfg.Corp.had taxable income of $1,630 and a tax rate of 23 percent.The firm neither issued nor repurchased shares of stock but did decrease its retained earnings by $310.What is the cash flow to stockholders?


A) $1,749.50
B) $535.50
C) $959.50
D) $1,242.50
E) $1,565.10

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