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Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: $200,000 Investment income: $2,700 Net sales: $333,000
Given the following information for Smashville, Inc., construct an income statement for the year:
| Cost of goods sold: | $200,000 | |
| Investment income: | $2,700 | |
| Net sales: | $333,000 | |
| Operating expense: | $47,000 | |
| Interest expense: | $7,400 | |
| Dividends: | $16,000 | |
| Tax rate: | 21 | % |
What are retained earnings for the year?
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Finance And Sustainability Proceedings From The Finance And Sustainability Conference Wroclaw 2017
Authors: Agnieszka Bem, Karolina Daszy?ska-?ygad?o , Ta?ána Hajdíková, Péter Juhász
1st Edition
3319922270,3319922289
