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Business, 03.12.2021 05:50 nicole5918

During Year 2, Dale Corp. made the following U. S. GAAP accounting changes: Method used in Year 1 Method used in Year 2 After-tax effect Sum-of-the-years' digits Straightline $30,000 depreciation depreciation Last, first-out First-in, first-out 98,000 for inventory valuation for inventory valuation What amount should be shown in the Year 2 retained earnings statement as an adjustment to the beginning balance?

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