Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to

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Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earnings was $10,200. The firm paid interest of $6,200 and dividends of $5,000. The tax rate was 33 percent.

What was the amount of the costs incurred by the company?

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Oct 20, 2023 06:06 AM

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Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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