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Business, 27.12.2019 01:31 lowealiyah6755
Fox co. reported a retained earnings balance of $800,000 at december 31, 20x1. in august 20x2, fox determined that insurance premiums of $120,000 for the three-year period beginning january 1, 20x1, had been paid and fully expensed in 20x1. fox has a 30% income tax rate. what amount should fox report as adjusted beginning retained earnings in its 20x2 statement of retained earnings? a $840,000 b $880,000 c $836,000 d $884,000
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Fox co. reported a retained earnings balance of $800,000 at december 31, 20x1. in august 20x2, fox d...
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