Question: The answer is $ 8 0 0 , 0 0 0 . It is not clear why as from my understanding, the overstatement should be

The answer is $

800, 000 .

It is not clear why as from my understanding, the overstatement should be subtracted from the retained earnings at the beginning of the year, not added. Can you please explain?

The answer is $800,000. It is not clear why as from

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