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It's a trick question - it wants you to mess up when it uses the term "cash from operations" because you see the words cash flow and immediately think of economic pension expense.

Actual cash flow is calculated by using economic pension expense but this problem is asking us to provide them with the effect on net income which would be calculated by using the smoothed pension expense.

Trick f*cking question. Bastards



Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 12:11PM by verse214.

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