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UTT Sales has net revenue of $500,000 and costs of $406,800. The depreciation expense is $43,800, interest paid is $11,000, and dividends for the
UTT Sales has net revenue of $500,000 and costs of $406,800. The depreciation expense is $43,800, interest paid is $11,000, and dividends for the year are $4,000. The tax rate is 30 percent. What is the addition to retained earnings?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
