Deep Water Mining added $411 to retained earnings last year on sales of $24,646.The administrative expenses were $4,370,depreciation was $812,dividends paid were $285,and the interest expense was $103.What was the cost of goods sold if the total tax rate was 23 percent?
A)$20,225
B)$24,385
C)$18,457
D)$14,815
E)$21,393

Question

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The Answer of Deep Water Mining added $411 to retained earnings last year on sales of $24,646.The administrative expenses were $4,370,depreciation was $812,dividends paid were $285,and the interest expense was $103.What was the cost of goods sold if the total tax rate was 23 percent?
A)$20,225
B)$24,385
C)$18,457
D)$14,815
E)$21,393

Deep Water Mining Added $411 to Retained Earnings Last Year