Problemthe abc co has sales of 264200 costs of 185600 and, Ask an Expert

Accounting

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The ABC Co. has sales of $264,200, costs of $185,600, and interest paid of $11,200. The depreciation expense is $36,900 and the tax rate is 34 percent. At the beginning of the year, the firm had retained earnings of $171,500 and common stock of $300,000. At the end of the year, the firm has retained earnings of $164,700 and common stock of $350,000.

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Question: What is the amount of the dividends paid for the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167884

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