Question

The following information is available for Amos Company for the year ended December 31, 2013.
a. Balance of retained earnings, December 31, 2012, prior to discovery of error, $ 1,375,000.
b. Cash dividends declared and paid during 2013, $ 43,000.
c. It neglected to record 2011 depreciation expense of $ 55,500, which is net of $ 4,500 in income taxes.
d. The company earned $ 126,000 in 2013 net income.
Prepare a 2013 statement of retained earnings for Amos Company.



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  • CreatedNovember 26, 2013
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