The Corner Store Paid $46 in Dividends and $120 in Interest

question 308

Multiple Choice

The Corner Store paid $46 in dividends and $120 in interest expense during the year. The addition to retained earnings is $142 and net new equity is $50. The tax rate is 20 percent. Sales are $2,400
And depreciation is $140. What are the earnings before interest and taxes?

• A) $286
• B) $325
• C) $355
• D) $2,072
• E) $2,260

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Definitions:

Critical Legal Studies

A movement in legal scholarship that challenges and seeks to overturn accepted norms and standards in legal theory and practice.

Laws Are Not Neutral

The perspective that legal systems and their enactments do not simply reflect unbiased justice, but can be influenced by social, political, and economical biases.

Main Contribution

The most significant impact or innovation provided by an individual, organization, or theory within a particular field or area of study.

Chivalry Hypothesis

The argument that women and girls accused of criminal activity are treated more leniently by law enforcement officials as a result of the latter’s traditional, chivalrous attitude toward women.