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Discuss what is the addition to retained earnings

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Reference no: EM131807535

Suppose the firm in paid out (sales of $586,000, costs of $247,000, depreciation expense of $43,000, interest expense of $32,000, and a tax rate of 35 percent) $73,000 in cash dividends. What is the addition to retained earnings?

Reference no: EM131807535

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