Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
From the computation done, there'll be a debit to retained earnings for 239400.
The retained earnings will be:
= percentage of completion (1 - Tax rate)
Based on the values we've, this will be:
Retained Earnings = 399000 (1 - 40%)
Retained Earnings = = 399000 × 0.6
Retained Earnings = 239400
Therefore, there'll be a debit to retained earnings for 239400.
Learn more about retained earnings on:
https://brainly.com/question/25631040
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.