Question
1.In 2019 the following appears in the Income Statement of Gladiator & Company Sales - $117,500; Costs - $70,500; Other Expenses - $3,950; Depreciation -
1.In 2019 the following appears in the Income Statement of Gladiator & Company
Sales - $117,500; Costs - $70,500; Other Expenses - $3,950; Depreciation - $8,650; Interest Expenses - $6,450; Taxes - $9,782; Dividend - $6,150. The company also issued some new equity (shares) $3,050 and paid off $ 2,250 of long-term debt.
a)Find out Operating cash flow
b)What is the net Income?
c)What is the retained earnings?
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland
4th Edition
1119577810, 9781119577812
