Business, 23.07.2019 00:30 nanett0226

Jethroe co. reported a retained earnings balance of $200,000 at december 1, 2018. in june 2019, jethroe discovered that merchandise costing $50,000 had not been included in inventory in its 2018 financial statements. jethroe has a 35% tax rate. what amount should jethroe report as adjusted beginning retained earnings in its statement of retained earnings at december 31, 2019?

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Jethroe co. reported a retained earnings balance of $200,000 at december 1, 2018. in june 2019, jeth...