Refer to Practice 20-5. Compute 1. The retrospectively recalculated Retained Earnings balances as of December 31, 2009,
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1. The retrospectively recalculated Retained Earnings balances as of December 31, 2009, and December 31, 2010, and
2. The Retained Earnings balance as of December 31, 2011, after the change to FIFO is made. Note that the company does not pay dividends.
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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