Business, 21.11.2019 00:31 samantha636
Due to an error in computing depreciation expense, crote corporation understated accumulated depreciation by $64 million as of december 31, 2018. crote has a tax rate of 40%. crote's retained earnings as of december 31, 2018, would be (round million answer to 2 decimal places.):
multiple choice
overstated by $64.00 million.
overstated by $38.40 million.
understated by $64.00 million.
understated by $38.40 million.
Answers: 1
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Due to an error in computing depreciation expense, crote corporation understated accumulated depreci...
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