Multiple Choice
An asset with a book value of $40,000 is sold for $20,000.The applicable tax rate is 20%.The net after-tax cash effect of this transaction is a ________.
A) $12,000 cash outflow
B) $20,000 cash inflow
C) $24,000 cash inflow
D) $48,000 cash inflow
Correct Answer:
Verified
Correct Answer:
Verified
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