Question
Use the following information to construct an income statement. Interest Expense $302,056 Sales Cost of Goods Sold $4,106,037 Depreciation Expense $19,877,964 $371,235 Other Operating
Use the following information to construct an income statement. Interest Expense $302,056 Sales Cost of Goods Sold $4,106,037 Depreciation Expense $19,877,964 $371,235 Other Operating $1,856,189 Flat Tax Rate 21% Expenses If the firm distributed $1,105,308 in dividends, how much did it contribute to Retained Earnings? (round to the nearest $1)
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
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