Leonard Corporation reports the following information for the year 2019: Correction of understatement of depreciation...
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Accounting
Leonard Corporation reports the following information for the year 2019: Correction of understatement of depreciation expense in prior years, net of tax $ 1,290,000 Dividends declared $ 960,000 Net income $3,000,000 Retained earnings, 1/1/2019, as reported $6,000,000 Leonard Corporation should report retained earnings, 1/1/2019, as adjusted at: Select one: O a. $6,750,000. O b. $7,290,000. O c. $6,000,000. O d. $4,710,000
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