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Orion 1925 Question 19 I points Adler Industries is preparing its Retained Earnings Statement for 2020 Duning 2020, Adler Industries accountant discovered a 2018 mistake
Orion 1925 Question 19 I points Adler Industries is preparing its Retained Earnings Statement for 2020 Duning 2020, Adler Industries accountant discovered a 2018 mistake in the criculation of depreciation expense. $800.000 in depreciation expense was omitted from the calculation of 2018 not income (this was malenay Adier's January 1, 2020 Retained Earnings was $3,500,000. When corrected and flax rates have remained constant at 40%, what would be the amount of the Jahuary 1 2020 Retained Eamings, as adjusted? A $4,300,000 O 8.53,020,000 c.$2,700,000 OD. $3,000,000 OE $3,500,000
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