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(5 points) This year Trulight Co. changed from the completed-contract method to the percentage-of-completion method. If they reported total revenue of $1,470,000 in 2019 and
(5 points) This year Trulight Co. changed from the completed-contract method to the percentage-of-completion method. If they reported total revenue of $1,470,000 in 2019 and $2,058,000 in 2020 under completed-contract and would have reported $1,764,000 in 2019 and $2,117,000 in 2020 under percentage of completion, what would be their change in retained earnings in 2020 if they have a 40% tax rate? (RE&CF 1) O $176,400 O $35,400 O $294,000 O $564,600 QUESTION 9 (5 points) What is the equation for the weighted average shares of common stock outstanding? (NIE 13) O (Beginning Shares + Ending Shares)/2 Ending Shares * number of times the shares changed during the year / 12 O None of these is correct
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