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Moorman Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 430,000 Dividends declared 320,000 Net income

Moorman Corporation reports the following information:

Correction of understatement of depreciation expense

in prior years, net of tax $ 430,000

Dividends declared 320,000

Net income 1,000,000

Retained earnings, 1/1/10, as reported 2,000,000

Moorman should report retained earnings, 31/12/10, as adjusted at

Select one:

a. $3,430,000

b. $3,110,000

c. $2,250,000

d. $1,820,000

which of the followings is considered as an outflow in the financing activities in the statement of cash flow

a. no answer is correct

b. purchase of plant asset

c. cash dividends

d. increase in note payable

Please please, I don't have enough time, help me

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