Examlex
Calculate retention ratio given the following information: cash dividends paid = $19,950; sales = $250,000; cost of goods sold = $100,000; selling and administrative expenses = $50,000; interest
Expense = $5,000; tax rate= 30%.
Statement Of Cash Flows
A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.
Preferred Stock
A class of stock issued by a corporation that bears preference rights, such as a preference to dividends before common stockholders.
Financing Activities
Transactions and events that affect long-term liabilities and equity of a company, such as issuing shares or taking loans.
Investing Activities
Refers to the acquisition and disposition of long-term assets and other investments not included in cash equivalents.
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