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    Intermediate Accounting
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    Exam 5: Income Statement and Related Information
  5. Question
    Simmons Corporation Reports the Following Information
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Simmons Corporation Reports the Following Information

Question 46

Question 46

Multiple Choice

Simmons Corporation reports the following information:
Simmons Corporation reports the following information:   Simmons should report retained earnings, 1/1/08, as adjusted at A)  $1,570,000. B)  $2,000,000. C)  $2,430,000. D)  $3,110,000. Simmons should report retained earnings, 1/1/08, as adjusted at


A) $1,570,000.
B) $2,000,000.
C) $2,430,000.
D) $3,110,000.

Correct Answer:

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