Exercise 13-18 (Algo) Preparing a statement of retained earnings with prior period adjustment LO C3 The following information is from Amos Company for the current year ended December 31 a. Retained earnings at December 31 of the prior year before discovery of an error) was $858.000 b. Amos discovered this year that it forgot to record depreciation expense of $39,600 (net of tax benefit two years ago. c. Cash dividends declared and paid in the current year were $13,000 d. Reported $213,000 of net income in the current year Prepare a statement of retained earnings for Amos Company for the current year. (Amounts to be deducted should be indicated with minus sign)

Exercise 13-18 (Algo) Preparing a statement of retained earnings with prior period adjustment LO C3 The following information is from Amos Company for the current year ended December 31 a. Retained earnings at December 31 of the prior year before discovery of an error) was $858.000 b. Amos discovered this year that it forgot to record depreciation expense of $39,600 (net of tax benefit two years ago. c. Cash dividends declared and paid in the current year were $13,000 d. Reported $213,000 of net income in the current year Prepare a statement of retained earnings for Amos Company for the current year. (Amounts to be deducted should be indicated with minus sign)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 5E: Multiple-Step and Single-Step In coin Statements The following items were derived from Gold...

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