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In 2020, Pennington corporation had net sales of $600,0000 and cost of goods sold of $360,000. Operating expenses were $153,000 and interest expense was 7,500.
In 2020, Pennington corporation had net sales of $600,0000 and cost of goods sold of $360,000. Operating expenses were $153,000 and interest expense was 7,500. The corporation tax rates is 30%. The corporation declared preferred dividends of 15,000 in 2020, and its average common stockholders equity during the year was $200,000
In 2020, Pennington corporation had net sales of $600,0000 and cost of goods sold of $360,000. Operating expenses were $153,000 and interest expense was 7,500. The corporation tax rates is 30%. The corporation declared preferred dividends of 15,000 in 2020, and its average common stockholders equity during the year was $200,000
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CPA Exam Review 2020 At Least Know This Auditing And Attestation
Authors: At Least Know This
1st Edition
1706038364, 978-1706038368
