Question: Is this correct? Question 19 2 pts In 2018, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent

Is this correct?

Is this correct? Question 19 2 pts In 2018, due to a

Question 19 2 pts In 2018, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round dice. The cumulative patent amortization prior to 2018 would have been $17 million higher had the new life been used. Barney's tax rate is 35%. Barney's retained earnings as of December 31, 2018, would be (Round million answer to 2 decimal places.): Overstated by $17 million. Unaffected. Overstated by $5.95 million. Overstated by $11.05 million

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