Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense of $84,000, interest expense of $52,000, a tax rate of 21 percent, and paid out $41,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)

Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense of $84,000, interest expense of $52,000, a tax rate of 21 percent, and paid out $41,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter19: Corporations: Distributions Not In Complete Liquidation

Section: Chapter Questions

Problem 1BCRQ

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Question

Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense
of $84,000, interest expense of $52,000, a tax rate of 21 percent, and paid out $41,000
in cash dividends.
What is the addition to retained earnings? (Do not round intermediate calculations.)
Addition to retained earnings
90
000
000
#
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