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Patterson Company failed to adjust for a $690,000 actual loss on pension plan assets in 2018, resulting in an underfunded pension plan. Patterson's tax rate

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Patterson Company failed to adjust for a $690,000 actual loss on pension plan assets in 2018, resulting in an underfunded pension plan. Patterson's tax rate is 30%. As result of this error, retained earnings would be: Multiple Choice Overstated by $690,000. Unaffected Overstated by $483,000. Overstated by $207,000

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