Frank Town Farms has sales of $481,600, costs of $379,700, depreciation expense of $32,100, and interest paid of $8,400. The tax rate is 32%. How much net income did the firm earn for the period? A. $41,752B. $43,090C. $43,380D. $45,671E. $45,886
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A company had cash flows during the year as follows: $50,000 received from short-term borrowing, $10,000 paid to purchase treasury stock, $15,000 paid to stockholders as dividends, and $15,000 to purchase plant assets.
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