Using the information from BE4.11, prepare a retained earnings statement for the year ended December 31, 2022.
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Using the information from BE4.11, prepare a retained earnings statement for the year ended December 31, 2022. Assume an error was discovered: Land costing NT$80,000 (net of tax) was charged to repairs expense in 2021.
BE4.11
Tsui Ltd. has retained earnings of NT$675,000 at January 1, 2022. Net income during 2022 was NT$1,400,000, and cash dividends declared and paid during 2022 totaled NT$75,000. Prepare a retained earnings statement for the year ended December 31, 2022.
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Related Book For 
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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