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Business, 26.11.2019 01:31 dajahp

Tuscan inc. had a retained earnings balance of $92,000 at december 31, 2018. durlng the year, tuscan had the following selected transactions. 1 reported net income of $132,000. revised an estimate of a machine's salvage value. depreciation increased by $4,200 per year an error was discovered. three years ago, a purchase of a building was incorrectly expensed. the effect is understated retained earnings of $44,000 (net of tax benefit). paid cash dividends of $65,000. skopped calculate the retained. earnings balance at december 31, 2019. (amounts to be deducted should be indicated with a minus sign.)

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Tuscan inc. had a retained earnings balance of $92,000 at december 31, 2018. durlng the year, tuscan...

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