Bath Works Company Has $70,000 of Depreciation Expense and Is

question 27

Multiple Choice

Bath Works Company has $70,000 of depreciation expense and is subject to a 30% income tax rate.On an after-tax basis,depreciation results in a:

• A)$21,000 inflow.
• B)$21,000 outflow.
• C)$49,000 inflow.
• D)$49,000 outflow.
• E)neither an inflow nor an outflow because depreciation is a noncash expensE.

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Definitions:

Chromosome

A chromosome is a long, continuous thread of DNA that contains numerous genes and regulatory information, essential for genetics and heredity.

Combination

The action of combining two or more elements or things into a single entity or mixture.

Alleles

Different forms of a gene that arise by mutation and are found at the same place on a chromosome.

Type AB Blood

A blood type in the ABO blood group system characterized by the presence of both A and B antigens on the surface of red cells.