You Have Been Given the Following Information for Corky's Bedding

question 26

Multiple Choice

You have been given the following information for Corky's Bedding Corp.: Net sales = $15,250,000; Cost of goods sold = $5,750,000; Addition to retained earnings = $4,000,000; Dividends paid to preferred and common stockholders = $995,000; Interest expense = $1,150,000. The firm's tax rate is 30 percent. Calculate the depreciation expense for Corky's Bedding Corp.

• A)$1,210,000
• B)$1,970,000
• C)$1,520,000
• D)$1,725,000

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Definitions:

No Additive

Describes products, especially foods, that do not contain additional ingredients such as preservatives, colors, or artificial flavors.

No Anticoagulant

A condition or directive indicating that no substances that prevent blood clotting (anticoagulants) are to be used.

Silicon Coating

A layer of silicon applied over materials to protect them from damage by heat, corrosion, or electrical conductivity.

Gel Separator

A material used in blood collection tubes that separates blood cells from serum or plasma after centrifugation.