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Due to an error in computing depreciation expense, Orcas Corporation overstated accumulated depreciation by $20...

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Accounting

Due to an error in computing depreciation expense, Orcas Corporation overstated accumulated depreciation by $20 million as of December 31,2020. Orcas has a tax rate of 30%. Orcas' retained earnings as of December 31,2020 would be: A. understated by $14 million, B. overstated by $14 million, C. overstated by $6 million, or D. understated by $6 million.

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