Solution-Amount of the addition to retained earnings

Amount of the addition to retained earnings

Reference no: EM133116802

Chan's Kung Pow Chicken Joint has sales of $267,400 and costs of $200,800 in 2015. The depreciation expense is $36,100. Interest paid equals $19,700 and dividends paid equal $4,500. The tax rate is 30 percent. What is the amount of the addition to retained earnings?

Reference no: EM133116802

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Amount of the addition to retained earnings

Reference no: EM133116802

Reference no: EM133116802

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