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P2-3 Dividends and Retained Earnings (LO1) Papa Roach Exterminators, Inc., has sales of $644,000, costs of $295,000, depreciation expense of $42,000, interest expense of $19,000,
P2-3 Dividends and Retained Earnings (LO1) Papa Roach Exterminators, Inc., has sales of $644,000, costs of $295,000, depreciation expense of $42,000, interest expense of $19,000, and a tax rate of 35 percent. If the firm paid out $78,000 in cash dividends. What is the addition to retained earnings? Multiple Choice $98,280 $128.200 $170.200 $151200 $109,200 Prov 1 of 30 III Next > The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $920,000 in the common stock account and $6.7 million in the additional paid-in surplus account. The 2009 balance sheet showed $965,000 and $8.45 million in the same two accounts, respectively. If the company paid out $560,000 in cash dividends during 2009, What was the cash flow to stockholders for the year? Multiple Choice $405,000 $-1,235,000 $360,000 $8,855,000 $1.235.000
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