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Business, 01.05.2021 04:40 averycipher

Oriole Corporation has retained earnings of $682,100 at January 1, 2020. Net income during 2020 was $1,558,700, and cash dividends declared and paid during 2020 totaled $81,300. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $89,160 (net of tax) was charged to maintenance and repairs expense in 2019.

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Oriole Corporation has retained earnings of $682,100 at January 1, 2020. Net income during 2020 was...
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