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What amount should c report as adjusted

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Question - C Co. reported a retained earnings balance of $290,000 at December 31, 2020. In September 2021, C determined that insurance premiums of $51,000 for the three-year period beginning January 1, 2020, had been paid and fully expensed in 2020. C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2021 statement of retained earnings?

Reference no: EM132943372

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