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Question
A firm has net sales of $25,000, costs of goods sold of $10,000, selling, general and administrative expenses of $8,000 (of which $2,000 are depreciation expenses), and taxes (in cash) of $3,000. What is this firm's operating cash flow (using the traditional or direct method)?
A. $4,000
B. $15,000
C. $6,000
D. $8,000
E. None of the options is correct.
Answer
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Related questions
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