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Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 18% in 2018 and all assets and
Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 18% in 2018 and all assets and liabilities increase correspondingly. Also assume no new equity is issued and none is repurchased. a. What is the value of the addition to retained earnings for 2019 ? b. What is the residual dividend for 2019
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