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The following information is available for Amos Company for the year ended December 31 2016 Balance of retained earnings, December 31 2015 prior to discovery of error

The following information is available for Amos Company for the year ended December 31, 2016. a. Balance of retained earnings, December 31, 2015, prior to discovery of error, $1,375,000. b. Cash dividends declared and paid during 2016, $43,000. c. It neglected to record 2014 depreciation expense of $55,500, which is net of $4,500 in tax benefits. d. The company earned $126,000 in 2016 net income. Prepare a 2016 statement of retained earnings for Amos Company?

Apr 11 2020 View more View Less

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