when production levels are expected to increase within a relevant range, and a flexible budget is used, what affect would be anticipated with respect…
August 25, 2020
Headland Corporation has outstanding 2,994,000 shares with common stock of a par value of $10 each.
August 25, 2020
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Corporation reports the following information:

645,000

Dividends declared480,000

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Net income1,500,000

Retained earnings, 1/1/X2, as reported3,000,000

Corporation should report retained earnings, 12/31/X2, as adjusted at __________

 

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