Question
upton industries has revenues of $42,629, interest expense of $1,230, deprecation of $2,609, cost of goods sold of $23,704, dividends paid of $1,200, and administrative
upton industries has revenues of $42,629, interest expense of $1,230, deprecation of $2,609, cost of goods sold of $23,704, dividends paid of $1,200, and administrative expenses of $7,040. assume the tax rate is 22 percent. what is the addition to retained earnings.
A- $5,075.88
b- $4,630.19
c- $3,766.67
d-$5,339.88
e- $6,275.88
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Get StartedRecommended Textbook for
Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
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