Refer to the information provided in Cornerstone Exercise 10-39. Assume that on July 31, 2007, Titanic discovered

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Refer to the information provided in Cornerstone Exercise 10-39. Assume that on July 31, 2007, Titanic discovered that 2006 depreciation was overstated by $50,000.

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Provide Titanic's statement of changes in retained earnings for the year ended December 31, 2007, assuming the 2006 tax rate was 30%.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

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Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:14 AM

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Refer to the information provided in Cornerstone Exercise 10-39. Assume that on July 31, 2007, Titanic discovered

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Cornerstones of Financial and Managerial Accounting

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