Question
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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