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.

Abroker showed one of his own listings to a buyer he was representing. the buyer decided to make an offer on the property, which was accepted. at no point did the broker disclose his dual agency status. the broker may be:

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.