When preparing the financial statements for the year ended


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When preparing the financial statements for the year ended December 31, 2015, the controller of XYZ Inc. discovered that the income tax expense for 2012 was understated by $33,000. The controller has also gathered the following information: Retained earnings at December 31, 2014                   $447,800 Cash dividends declared during 2015                            45,000 Stock dividends declared during 2015                          100,000 Net income for the year ended December 31, 2015     166,120 Prepare a statement of retained earnings for XYZ Inc. for the year ended December 31, 2015. support44511
posted a question · May 08, 2016 at 6:26pm

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