Question
At January 1, 2012, Beidler Company reported retained earnings of $2,000,000. In 2012, Beidler discovered that 2011 depreciation expense was understated by $400,000. In 2012,
At January 1, 2012, Beidler Company reported retained earnings of $2,000,000. In 2012, Beidler discovered that 2011 depreciation expense was understated by $400,000. In 2012, net income was $900,000 and dividends declared were $250,000. The tax rate is 40%. Prepare a 2012 retained earnings statement for Beidler Company
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Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2000 Internal Audits
Authors: Paul C. Palmes
1st Edition
0873896416, 978-0873896412
