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$245,000 Tsu Corporation reports the following information: Correction of overstatements of costs of goods sold in prior years, net of tax Dividends declared Net Income
$245,000 Tsu Corporation reports the following information: Correction of overstatements of costs of goods sold in prior years, net of tax Dividends declared Net Income Unrealized loss on available for sale securities, net of tax Retained earnings, 1/1/20, as reported Tsu should report retained earnings, 12/31/20, at: 480,000 1,500,000 150,000 6,000,000 a. $6,625,000 b. $6,925,000 C. $6,775,000 d. $7,115,000 e. $7,265,000
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