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In 2024, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round dice. The cumulative patent
In 2024, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round dice. The cumulative patent amortization prior to 2024 would have been $10 million higher had the new life been used. Barney's tax rate is 25%. Barney's retained earnings a of December 31.2024, would be: Mulaiple Chaice unaffected. overstoted by $7.5 milition. overstated by $2.5 million. overstated by 510 million
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