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In the current year, Company Y earns cash-basis revenues of$1,000,000. Their expenses (exc

In the current year, Company Y earns cash-basis revenues of$1,000,000. Their expenses (exc

In the current year, Company Y earns cash-basis revenues of$1,000,000. Their expenses (excluding depreciation) were $800,000,and the depreciation expense was $100,000. The applicable tax rateis 40%. Calculate Company Y’s operating cash flow for the currentyear.

Abhinav 03-Dec-2019

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