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Crane Company reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 1281000 Dividends declared 963000 Net income
Crane Company reports the following information:
Correction of understatement of depreciation expense
in prior years, net of tax $ 1281000
Dividends declared 963000
Net income 3180000
Retained earnings, 1/1/20, as reported 6190000
Crane should report retained earnings, 1/1/20, as adjusted at
$9688000.
$4909000.
$6190000.
$7471000.
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