.SAM Corporation has sales of AED 700 million, costs of AED 500 million depreciation expense of...

 

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.SAM Corporation has sales of AED 700 million, costs of AED 500 million depreciation expense of (AED 5 million, interest expense of AED 3 million, other operating income of AED 10 million and a tax rate of 30 percent. The firm paid 40 percent of net income in cash dividends. What is the addition to retained earnings? (2.0 marks) The Gulf Company paid AED 50 million in dividends and AED 6 million in interest this past year. Common stock increased by AED 75 million and retained earnings decreased by AED 15 million. What is the net income for the year? (1.6 marks) .SAM Corporation has sales of AED 700 million, costs of AED 500 million depreciation expense of (AED 5 million, interest expense of AED 3 million, other operating income of AED 10 million and a tax rate of 30 percent. The firm paid 40 percent of net income in cash dividends. What is the addition to retained earnings? (2.0 marks) The Gulf Company paid AED 50 million in dividends and AED 6 million in interest this past year. Common stock increased by AED 75 million and retained earnings decreased by AED 15 million. What is the net income for the year? (1.6 marks)

Answer rating: 100% (QA)

1 SAM Corporation Sales AED 700 million Cost of Goods Sold AED 500 million Gross Profit AED 700 5... View the full answer