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Land costing $200,000 was incorrectly charged to expense. The error was identified in the following accounting period. If the company's tax rate is 40%, what
Land costing $200,000 was incorrectly charged to expense. The error was identified in the following accounting period. If the company's tax rate is 40%, what is the after-tax impact of this error on retained earnings?
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
