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Metlock Company reports the following information: Correction of understatement of depreciation expense in prior years, net of tax 1,290,000 Dividends declared 955,000 Net income 3,046,000
Metlock Company reports the following information:
Correction of understatement of depreciation expense | |
in prior years, net of tax | 1,290,000 |
Dividends declared | 955,000 |
Net income | 3,046,000 |
Retained earnings, 1/1/20, as reported | 6,020,000 |
Metlock should report retained earnings, 12/31/20, at
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