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HELP SHOW ALL WORK (Estimated time allowance: 5...

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Accounting

HELP SHOW ALL WORK
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(Estimated time allowance: 5 minutes) Use the data from the financial statements of a company shown here (or in excel) to answer the question below (bottom of last financial statement). To get the data below and answer the questions, you can do one of the following approaches: 1. Use the screen image shown 2. Position cursor any place in the image, double click and select all; copy and paste into an excel file 3. Click here for a formatted excel version (need to update numbers to the ones presented here) * Tax rate 20% (1) These are cumulative retained earnings but textbook sir vly calls it retained earnings When answering the questions (f.lling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NCT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. Current Assets as of 12/31/2020 is Your Answer: earnings but textbook simply calls it rc. ained earning

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