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Leonard Corporation Reports the Following Information:Correction of Overstatement of Depreciation

Question 82

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Leonard Corporation reports the following information:Correction of overstatement of depreciation expense Leonard Corporation reports the following information:Correction of overstatement of depreciation expense   Leonard should report retained earnings, 1/1/14, as adjusted at A)  $3,570,000. B)  $4,000,000. C)  $4,430,000. D)  $5,110,000. Leonard should report retained earnings, 1/1/14, as adjusted at


A) $3,570,000.
B) $4,000,000.
C) $4,430,000.
D) $5,110,000.

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