Question
At December 31, 2022, a companys beginning retained earnings balance is $413,000 and ending retained earnings balance is $497,000. The company had a correction of
At December 31, 2022, a companys beginning retained earnings balance is $413,000 and ending retained earnings balance is $497,000. The company had a correction of error for a $5,000 pre-tax overstatement of net income in 2021. The 2022 income statement reports net income of $90,000. The company has a 30% tax rate.
How much did the company declare in dividends in 2022?
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IT Auditing An Adaptive Process
Authors: Robert E. Davis
1st Edition
0557220513, 978-0557220519
