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10. In late 2018 "company XYZ" discovered that "Impairment of asset" of 2016 was understated...

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Accounting

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10. In late 2018 "company XYZ" discovered that "Impairment of asset" of 2016 was understated by $ 100,000, "Restructuring charges" was understated by $ 80,000. What is the balance of retained earnings as of 31/12/2018 if you know that retained earnings balance as of 31/12/2017 was $200,000, net income for the year 2018 was $150,000, and cash dividends for the year 2018 was $ 40,000? (2 Points) 130,000 330.000 370,000 410,000 360,000

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