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Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in interest income and $800,000 in dividend income. Assume that the firm pays a flat 40% income tax rate.

Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in interest income and $800,000 in dividend income. Assume that the firm pays a flat 40% income tax rate. What is the firm's income tax liability?
Select one:
a.    $7,396,000
b.    $7,300,000
c.   none of the above
d.    $7,620,000

19) If the total cash flows = 22,000 and the cash flow at the end of the period = 200,000 then the cash flow at the beginning of the period equals :-
Select one:
a. 222,000
b. 178,000
c. None of the above
d. 420,000

Apr 15 2021 View more View Less

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