Forums Homework Help If the company has a marginal tax rate of 33.33% determine

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    Aakanksha
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    The following financial information is give for Company ABC for the year ended 12/31/04.

    General and Admin expense $5,000

    Tax expense $4,000

    Depreciation expense $7,000

    Cost of goods sold $8,000

    Interest expense $3,000

    Rent Expense $2,000

    Dividends paid in 2004 $2,000

    1/1/04 Retained earnings $10,000

    If the company has a marginal tax rate of 33.33% determine:

    a) Taxable income for 2004

    b) Revenue for 2004

    c) Net income for 2004

    d) Ending retained earnings for 2004

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