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The interest rate on the bond payable was 10 the income tax rate was 40 and the dividend per share of common stock.
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Madison Company Balance Sheet June 30 Assets Current assets. Cash 21000 Accounts receivable net 160000 Merchandise inventory 300000 Prepaid expenses 9000 Total current assets 490000 Plant and equipment net 810000 Total assets 1300000 Liabilities and Stockholders. Madison Company Balance Sheet June 30 Assets Current assets.
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