The following information is available for Amos Company for the year ended December 31, 2016. a. Balance
Question:
a. Balance of retained earnings, December 31, 2015, prior to discovery of error, $1,375,000.
b. Cash dividends declared and paid during 2016, $43,000.
c. It neglected to record 2014 depreciation expense of $55,500, which is net of $4,500 in tax benefits.
d. The company earned $126,000 in 2016 net income.
Prepare a 2016 statement of retained earnings for Amos Company?
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
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