The following information is available for Amos Company for the year ended December 31, 2017. Balance of retained earnings, December 31, 2016, prior to the discovery of the error, $866,000. Cash dividends declared and paid during 2017, $25,000. It neglected to record 2015 depreciation expense of $40,600, which is net of $7,200 in tax benefits. The company earned $216,000 in 2017 net income.

Prepare a 2017 statement of retained earnings for Amos Company

The retained earnings of Amos company for the year ended 31st December 2017 is $1,016,400.00  

Explanation:

In calculating retained earnings for 2017, I began with prior year retained earnings of $866,000,deducted depreciation net of taxes not recorded previously.

After,having adjusted retained earnings for prior year, I added net income for the year 2017 of $216,000

Finally,I deducted dividends paid during 2017 of $25000 to arrive at closing retained earnings for 2017 as shown in the attached.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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