rosehayden21
12.02.2022 •
Business
Leonard Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 645,000 Dividends declared 480,000 Net income 1,500,000 Retained earnings, 1/1/17, as reported 6,000,000 Leonard should report retained earnings, 1/1/17, as adjusted at: $7,665,000. $6,000,000. $5,355,000. $6,645,000.
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