AV Sales Has Net Revenue of $513,000 and Costs of $406,800.The

question 59

Multiple Choice

AV Sales has net revenue of $513,000 and costs of $406,800.The depreciation expense is $43,800,interest paid is $11,200, and dividends for the year are$4,500.The tax rate is 33 percent.What is the addition to retained earnings?

• A)$38,804
• B)$34,304
• C)$28,120
• D)$29,804
• E)$30,450

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Definitions:

Experience

The knowledge or skill acquired by a period of practical involvement in an activity.

Responsibility

The state or duty of being accountable for something, especially within the context of professional or personal roles.

Declarative

Pertaining to statements or expressions that make a clear, definitive declaration or announcement.

Conditional

Subject to one or more conditions or requirements being met; not absolute.