Problemandersens nursery has sales of 318400 costs of, Ask an Expert

Accounting

Problem:

Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a tax rate of 34 percent. The firm paid out $16,500 in dividends.

Required:

Question: What is the addition to retained earnings?

a. $36,909

b. $47,615a

c. $44,141

d. $47,208

e. $42,438

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168497

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