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C Company reported o retained eatnings balance of $230,000 at December 31, 2023. in September 2024,C determined that insurance premiums of $90,000 for the three-yeor
C Company reported o retained eatnings balance of $230,000 at December 31, 2023. in September 2024,C determined that insurance premiums of $90,000 for the three-yeor period beginning January 1, 2023, had been poid and fully expensed in 2023. C has a 25% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2024 statement of retained earnings? Murpie Choice $297,500 $290.000 $775,000 $260.000
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