CHAPTERS 3 AND 9—ADJUSTING ENTRIES AND …
Accrued payable 3.5 4.3. Total current debts 23.6% 24.9%. ... the tax treatment is different. Initial cost of the machine $14,000. Less: accumulated depreciation 4,000 ... interest is paid out of after-tax earnings (d) only 85 percent of dividends paid by one corporation to another is taxable * (e) none of the above are true ... ................
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