10) ABC Corporation has $450,000 in gross profit with $120,000 in depreciation expense. 123 Corporation...
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Accounting
10) ABC Corporation has $450,000 in gross profit with $120,000 in depreciation expense. 123 Corporation has $450,000 in gross profit with $40,000 in depreciation expense. Each company had $75,000 in selling and administration expenses. The tax rate for each company is 18%. Calculate the cash flow for each company. Explain any differences
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