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Business, 10.03.2020 02:11 MarissaHuey
Moorman Corporation reports the following information:Correction of understatement of depredation expenseIn prior years, net of tax $860,000Dividends declared 640,000Net income 2,000,000Retained earnings, 1/1/14, as reported 4,000,000Moorman should report retained earnings. 1/1/14, as adjusted ata. $3,140,000.b. $4,000,000.c. $4,860,000.d. $6,220,000.
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