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31. A company had tax-deductible cash expenses of $650,000 last year and the tax rate was 30%. The after-tax net cash outflow for these expenses was:
A) $195,000. C) $650,000.
B) $455,000. D) $390,000.

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The solution calculates the after-tax net cash outflows.

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The Tax-deductible cash expenses provide a tax shield , just like the ...

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