Ayayai Corporation prepares financial statements in accordance with ASPE. At January 1,2023, the company had...
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Ayayai Corporation prepares financial statements in accordance with ASPE. At January the company had retained earnings of $ In net income was $ and cash dividends of $ were declared and paid. Prepare a statement of retained earnings for Ayayai Corporation, assuming that in Ayayai discovered that it had overstated depreciation by $net of tax of $List items that increase retained earnings first after adjusted balance Ayayai Corporation Statement of Retained Earnings For the Year Ended December Balance, January as adjusted Balance, January as reported Balance, December Correction for Overstatement of Depreciation in Net of Tax of $ Correction for Understatement of Depreciation in Net of Tax of $ Dividends Net IncomeLoss 
Ayayai Corporation prepares financial statements in accordance with ASPE. At January the company had retained earnings of $ In net income was $ and cash dividends of $ were declared and paid.
Prepare a statement of retained earnings for Ayayai Corporation, assuming that in Ayayai discovered that it had overstated depreciation by $net of tax of $List items that increase retained earnings first after adjusted balance
Ayayai Corporation Statement of Retained Earnings
For the Year Ended December
Balance, January as adjusted
Balance, January as reported
Balance, December
Correction for Overstatement of Depreciation in Net of Tax of $
Correction for Understatement of Depreciation in Net of Tax of $
Dividends
Net IncomeLoss
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