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please explain how you got the answer - thanks The following information is from Amos Company for the year ended December 31, 2019. a. Retained
please explain how you got the answer - thanks
The following information is from Amos Company for the year ended December 31, 2019. a. Retained earnings at December 31, 2018 (before discovery of error), $855,000. b. Cash dividends declared and paid during the year, $12,000. c. Two years ago, it forgot to record depreciation expense of $53,600 (net of tax benefit). d. The company earned $217,000 in net income this year. Prepare a statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.)Step by Step Solution
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