The following information pertains to Rudolph Corp. for the year ended September 30, 2022 Net Income P75,000

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The following information pertains to Rudolph Corp. for the year ended September 30, 2022

Net Income P75,000

Retained Earnings, October 1, 2021 860,000

Cash dividends declared 16,400

Share dividends declared 41,000

Overstatement of depreciation expense of 2018 and 2019 pretax 42,000

Tax rate 30%

Compute for the retained earnings balance on September 30, 2022.

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Finance for Executives Managing for Value Creation

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Authors: Gabriel Hawawini, Claude Viallet

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Posted Date: Nov 14, 2022 04:06 AM

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The following information pertains to Rudolph Corp. for the year ended September 30, 2022 Net Income P75,000

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Retained earnings 921400 Stepbystep explanation Net income before t... View the full answer

Finance for Executives Managing for Value Creation

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