Abc company had beginning retained earnings of $1.198. During the year, the comp

Question

Abc company had beginning retained earnings of $1.198. During the year, the company reported sales of $21, 449, costs of $6,696, depreciation of $1.744, dividends of $737, and interest paid of $2, 118. The tax rate is 15%. What is the retained earnings balance at the end of the year? Abc company had beginning retained earnings of $1.198. During the year, the company reported sales of $21, 449, costs of $6,696, depreciation of $1.744, dividends of $737, and interest paid of $2, 118. The tax rate is 15%. What is the retained earnings balance at the end of the year?

Explanation / Answer

Initial Retained Earning (X) 1.198 Sales(A) 21449 Cost(B) 6696 Depriciation

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.