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aiselsarmientop8o290
aiselsarmientop8o290
18.03.2021 • 
Business

Exercise 13-15 Preparing a statement of retained earnings LO C3 The following information is from Amos Company for the year ended December 31, 2019. Retained earnings at December 31, 2018 (before discovery of error), $864,000. Cash dividends declared and paid during the year, $14,000. Two years ago, it forgot to record depreciation expense of $42,600 (net of tax benefit). The company earned $214,000 in net income this year. Prepare a statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.)

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