At January 1, 2025, Beidler Company reported retained earnings of $2,000,000. In 2025, Beidler discovered that 2024
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At January 1, 2025, Beidler Company reported retained earnings of $2,000,000. In 2025, Beidler discovered that 2024 depreciation expense was understated by $400,000. In 2025, net income was $900,000 and dividends declared were $250,000. The tax rate is 20%. Prepare a 2025 retained earnings statement for Beidler Company.
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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