Income Statement You Have Been Given the Following Information for Romeo's

question 37

Multiple Choice

Income Statement You have been given the following information for Romeo's Rockers Corp.: net sales = $5,200,000;
Cost of goods sold = $2,100,000;
Addition to retained earnings = $1,000,000;
Dividends paid to preferred and common stockholders = $400,000;
Interest expense = $200,000.
The firm's tax rate is 30 percent. What is the depreciation expense for Romeo's Rockers Corp.?

• A) $900,000
• B) $1,100,000
• C) $1,500,000
• D) $1,600,000

---

Definitions:

Message

The information, idea, or underlying theme transmitted from a sender to a receiver via various communication mediums.

You-viewpoint

A perspective in communication that focuses on addressing the needs, interests, and concerns of the audience.

Unethical Goals

Objectives that are morally wrong or in violation of accepted principles of right and wrong.

Honest

Characterized by truthfulness and integrity in one’s actions and statements.