Silverline Corp. has sales of $800,000, costs of $400,000, depreciation expense of $100,000, interest expense of $60,000, and a tax rate of 25%. The firm paid out $90,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number.)

Silverline Corp. has sales of $800,000, costs of $400,000, depreciation expense of $100,000, interest expense of $60,000, and a tax rate of 25%. The firm paid out $90,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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