Wildhorse should report retained earnings, 12/31/25, at what amount? Wildhorse Corporation reports the following information: Correction of

Wildhorse should report retained earnings, 12/31/25, at what amount?
 

Transcribed Image Text:

Wildhorse Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax Dividends declared $643000 482000 1504000 Retained earnings, 1/1/25, as reported 5830000 Net income Wildhorse Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax Dividends declared $643000 482000 1504000 Retained earnings, 1/1/25, as reported 5830000 Net income

Answer rating: 100% (QA)

To calculate the retained earnings for Wildhorse Corporation as ... View the full answer