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se the following information to answer questions 16-17: Leonard Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of

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se the following information to answer questions 16-17: Leonard Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax Dividends declared, 2015 Net income for 2015 Retained earnings, 1/1/15, as reported $215,000 160,000 500,000 1,200,000

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