Annesofia · 2022年02月11日

没有收益，但仍需要扣税？

1. CFA II
2. Corporate Issuers

* 问题详情，请 查看题干

NO.PZ201601200500000602

问题如下：

2. McConachie’s incremental annual after-tax operating cash flow is closest to:

选项：

A.

$116,000.

B.

$124,000.

C.

$140,000.

解释：

A is correct.

Depreciation will be $400,000/5 = $80,000 per year. The annual after-tax operating cash flow is

CF = (S – C – D)(1 – T) + D

= [0 – (–140,000) – 80,000](1 – 0.40) + 80,000 = $116,000

请问题目中说没有sales，为什么还需计算税后operating cash flow? 没有收益，应该不征税吧