The following information is available for Amos Company for the year ended December 31, 2018. a. Balance

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The following information is available for Amos Company for the year ended December 31, 2018.

a. Balance of retained earnings, December 31, 2017, prior to discovery of error, $1,375,000.

b. Cash dividends declared and paid during 2018, $43,000.

c. It forgot to record 2016 depreciation expense of $55,500, which is net of $4,500 in tax benefits.

d. The company earned $126,000 in 2018 net income. Prepare a 2018 statement of retained earnings for Amos Company.

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Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 13, 2019 05:04 AM

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The following information is available for Amos Company for the year ended December 31, 2018. a. Balance

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Amos Company Statement of Retained Earnings For Year Ended December 31 2018 R...View the full answer

Financial Accounting Information for Decisions

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