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SMITH HAS THE FOLLOWING 2019 DATA: CUSTOMER SALES COGS 550,000 (148,000) SELLING, GENERAL & ADMINISTRATIVE EXPENSES (30,000) RESEARCH & DEVELOPMENT (25,000) INTEREST EXPENSE (5,000)
SMITH HAS THE FOLLOWING 2019 DATA: CUSTOMER SALES COGS 550,000 (148,000) SELLING, GENERAL & ADMINISTRATIVE EXPENSES (30,000) RESEARCH & DEVELOPMENT (25,000) INTEREST EXPENSE (5,000) LOSS FROM DISCONTINUED OPS (17,000) GAIN ON DISPOSAL OF DISCONTINUED OPS 5,000 DIVIDEND AND INTEREST INCOME 4,000 INVENTORY OBSOLESCENCE WRITE-OFF OVERSTATEMENT OF P/Y DEPRECIATION (3,200) 2,000 CASH DIVIDEND DECLARED BEGINNING RETAINED EARNINGS 30,000 350,000 TAX RATE 21% COMMON STOCK UNITS OUTSTANDING 400,000 REQUIRED: WHAT IS EPS FROM CONTINUING OPERATIONS? [Select] REQUIRED: WHAT IS EPS FROM DISCONTINUED OPERATIONS? [Select] REQUIRED: WHAT IS RETAINED EARNINGS AT 12/31/2019? [Select]
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