Question
The following information pertains to Rudolph Corp. for the year ended September 30, 2022 Net Income P75,000 Retained Earnings, October 1, 2021 860,000 Cash dividends
The following information pertains to Rudolph Corp. for the year ended September 30, 2022
Net Income P75,000
Retained Earnings, October 1, 2021 860,000
Cash dividends declared 16,400
Share dividends declared 41,000
Overstatement of depreciation expense of 2018 and 2019 pretax 42,000
Tax rate 30%
Compute for the retained earnings balance on September 30, 2022.
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Retained earnings 921400 Stepbystep explanation Net income before t...
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
