The following data are available for 2001 (in 000's): The income tax rate is 40 percent The balance of retained earnings at December 31,2001,was:
A)$59
B)$49
C)$79
D)$83

Question

The following data are available for 2001 (in 000's):  The income tax rate is 40 percent The balance of retained earnings at December 31,2001,was:
A)$59 
B)$49 
C)$79 
D)$83

Quizplus · Accepted Answer

The Answer of The following data are available for 2001 (in 000's):  The income tax rate is 40 percent The balance of retained earnings at December 31,2001,was:
A)$59 
B)$49 
C)$79 
D)$83

The Following Data Are Available for 2001 (In 000's)