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At January 1, 2025, Bridgeport Company reported retained earnings of $2,340,000. In 2025, Bridgeport discovered that 2024 depreciation expense was understated by $468,000. In 2025
At January 1, 2025, Bridgeport Company reported retained earnings of $2,340,000. In 2025, Bridgeport discovered that 2024 depreciation expense was understated by $468,000. In 2025 , net income was $911,000 and dividends declared were $293,000. The tax rate is 20%. Prepare a 2025 retained earnings statement for Bridgeport Company. eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 10% score reduction after attempt 2
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