Imelda told a prospective buyer of her business she reported only half the cash from the vending machines on her cash flow statement and income tax returns. Her purpose in doing so was:
A) to reduce her income tax liability.
B) to increase her net income on the financial statement.
C) to retain the cash for reinvestment in the business.
D) to make the business more attractive to the buyer.
Correct Answer:
Verified
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