Land costing $200,000 was incorrectly charged to expense. The error was identified in the following accounting period.

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Land costing $200,000 was incorrectly charged to expense. The error was identified in the following accounting period. If the company's tax rate is 40%, what is the after-tax impact of this error on retained earnings?

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: Apr 05, 2023 04:40 AM

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Land costing $200,000 was incorrectly charged to expense. The error was identified in the following accounting period.

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Cost Accounting

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