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Carla Vista Co. reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 643000 Dividends declared 474000 Net
Carla Vista Co. reports the following information:
Correction of overstatement of depreciation expense | |
in prior years, net of tax | $ 643000 |
Dividends declared | 474000 |
Net income | 1511000 |
Retained earnings, 1/1/20, as reported | 5910000 |
Carla Vista should report retained earnings, 1/1/20, as adjusted at
| $5910000 |
| $6553000. |
| $7590000. |
| $5267000. |
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