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May? Bakery, Inc. reported a? prior-period adjustment in 20162016. An accounting error caused net income of prior years to be overstated by $ 6 comma 000$6,000. Retained Earnings at December? 31, 20152015?, as previously? reported, was $ 39 comma 000$39,000. Net income for 20162016 was $ 72 comma 000$72,000?, and dividends declared were $ 23 comma 000$23,000. Prepare the? company's statement of retained earnings for the year ended December? 31, 2016.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91978483

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