Madison Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net...
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Madison Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax Dividends declared Net income Retained earnings, 1/1/22 as reported $ 1,290,000 960,000 3,000,000 6,000,000 Madison should report retained earnings, 12/31/22, at Answer: Madison Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax Dividends declared Net income Retained earnings, 1/1/22 as reported $ 1,290,000 960,000 3,000,000 6,000,000 Madison should report retained earnings, 12/31/22, at Answer:
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