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Oak Inc has sales of $846,000, costs of $595,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 50 percent. The
Oak Inc has sales of $846,000, costs of $595,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 50 percent. The firm paid $65,500 in cash dividends. What is the addition to retained earnings? $40.500 $49,500 $81,700 $39,000 $34,000
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