Question: Due to an error in computing depreciation expense, Orcas Corporation overstated accumulated depreciation by $20 million as of December 31, 2021. Orcas has a tax
Due to an error in computing depreciation expense, Orcas Corporation overstated accumulated depreciation by $20 million as of December 31, 2021. Orcas has a tax rate of 30%. Orcas' retained earnings as of December 31, 2021 would be
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