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Question 19 on 10025 4 points Adler Industries is preparing its Retained Earnings Statement for 2020 Dunng 2020, Adier Industries accountant discovered a 2018 mistake

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Question 19 on 10025 4 points Adler Industries is preparing its Retained Earnings Statement for 2020 Dunng 2020, Adier Industries accountant discovered a 2018 mistake in the calculation of depreciation expense $800,000 in depreciation expense was omitted from the calculation of 201net income (this was material) Adler's January 1, 2020 Retained Earnings was $3,500,000. When corrected and if tax rates have remained constant at 40%, what would be the amount of the January 1 2020 Retained Earnings, adjusted? O A $4,300,000 8. $3.020,000 OC $2,700,000 OD $3,980,000 O E $3,500,000

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