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Patterson Company failed to adjust for a $720,000 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 $720,000 actual loss on pension plan assets in 2018, resulting in an underfunded pension plan. Patterson's tax rate is 35%. As result of this error, retained earnings would be Multiple Choice Overstated by $252,000. Overstated by $720,000. Overstated by $468,000 Unaffected

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