For a Given Year,Mfg

question 89

Multiple Choice

For a given year,Mfg.Corp.had taxable income of $1,630 and a tax rate of 23 percent.The firm neither issued nor repurchased shares of stock but did decrease its retained earnings by $310.What is the cash flow to stockholders?

• A)$1,749.50
• B)$535.50
• C)$959.50
• D)$1,242.50
• E)$1,565.10

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Definitions:

Worthless

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