Question
1. How do dividends and interest expenses differ? 2. Prepare an income statement from the following information. Sales $525,000 Cost of goods sold $200,000 General
1. How do dividends and interest expenses differ?
2. Prepare an income statement from the following information.
| Sales | $525,000 |
| Cost of goods sold | $200,000 |
| General and Admin expenses | $62,000 |
| Depreciation expenses | $8,000 |
| Interest expenses | $12,000 |
| Income taxes | $97,200 |
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
