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Parent Company Statements of Income and Retained Earnings Year ended December 31, year 9 Parent Subsidiary Sales $400,000 $270,000 Other Income 25,400 30,000 Cost
Parent Company Statements of Income and Retained Earnings Year ended December 31, year 9 Parent Subsidiary Sales $400,000 $270,000 Other Income 25,400 30,000 Cost of goods sold 315,000 240,000 Other expenses 36,400 15,000 Income tax expense 26,000 20,000 Profit 48,000 25,000 Retained earnings, Jan. 1 25,000 60,000 Dividends (18,000) (10,000) Retained earnings, Dec. 31 $55,000 $75,000
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
