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Explain how earnings available to common stockholders and

1.Explain how earnings available to common stockholders and common stock dividends paid from the current income statement affect the balance sheet item retained earnings.

2.What is accumulated depreciation?

3.What are the three major sections of the statement of cash flows?

4.How do financial managers calculate the average tax rate?

5.Why do financial managers calculate the marginal tax rate?

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Financial Management: Explain how earnings available to common stockholders and

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