Question: Due to an error in computing depreciation expense, Prewitt Corporation overstated accumulated depreciation by $19 million as of December 31, 2018. Prewitt has a tax
Due to an error in computing depreciation expense, Prewitt Corporation overstated accumulated depreciation by $19 million as of December 31, 2018. Prewitt has a tax rate of 30%. Prewitt's retained earnings as of December 31, 2018, would be (Round million answer to 2 decimal places.):
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