Question
Papa Roach Exterminators, Inc., has sales of $689,000, costs of $225,000, depreciation expense of $53,000, interest expense of $32,000, and a tax rate of 35
Papa Roach Exterminators, Inc., has sales of $689,000, costs of $225,000, depreciation expense of $53,000, interest expense of $32,000, and a tax rate of 35 percent. If the firm paid out $71,000 in cash dividends. What is the addition to retained earnings? $175,350 $228,350 $207,350 $260,350 $157,815
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
