Moon Corporation reports the following information Correction of understatement of depreciation expense in prior years net of

Question

Moon Corporation reports the following information Correction of understatement of depreciation expense in prior years net of tax 1 290 000 Dividends declared 960 000 Net income 3 000 000 and Retained earnings 1 1 20 as reported 6 000 000 Moon should report retained earnings 1 1 20 as adjusted at O a 9 330 000 O b 7 290 000 O c 4 710 000 O d 6 000 000

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