Question
A firm has sales of $3,540,000, costs of $3,260,000, interest expense of $70,000, and a tax rate of 28%. The firm paid $95,000 in cash
A firm has sales of $3,540,000, costs of $3,260,000, interest expense of $70,000, and a tax rate of 28%. The firm paid $95,000 in cash dividends. What is the addition to retained earnings for the period?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
