iWorld, Inc., was set to report the following statement of retained earnings for the year ended December
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Before issuing its 2016 financial statements, iWorld learned that net income of 2015 was overstated by $10,000. Prepare iWorld's 2016 statement of retained earnings to show the correction of the error-that is, the prior-period adjustment.
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iWorld Inc Statement of Retained Earnings Year Ended December 31 2016 Retained ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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