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QUESTION

Mason Construction Inc. had net sales of $480,000, costs of sales of $130,000, additional expenses of $200,000, depreciation of $40,000, and a tax...

Mason Construction Inc. had net sales of $480,000, costs of sales of $130,000, additional expenses of $200,000, depreciation of $40,000, and a tax rate of 30%. Help know how to determine the firm's after tax earnings on a cash basis.

a. $77,000

b. $105,000

c. $117,000

d. $145,000

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