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    mmazenus's Avatar
    mmazenus Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Aug 1, 2010, 11:29 AM
    Your corporation had the following cash flows last year
    Your corporation had the following cash flows last year:

    Operating income $2,500,000
    Interest received 100,000
    Interest paid 450,000
    Dividends received 200,000
    Dividends paid 500,000

    Your firms pays taxes at a rate of 40% (federal and state combined) and was profitable last year. Calculate the firm's corporate tax liability for last year.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Aug 1, 2010, 11:46 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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