Business, 19.04.2021 16:10 paige1616

In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round dice. The cumulative patent amortization prior to 2021 would have been $18 million higher had the new life been used. Barney's tax rate is 25%. Barney's retained earnings as of December 31, 2021, would be:

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In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of it...