Failed to record the declaration (only) of a $3M cash dividend during fiscal year 2020....
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Accounting
Failed to record the declaration (only) of a $3M cash dividend during fiscal year 2020. No related entry(ies) were recorded before the financial statements were distributed.
The effect on retained earnings at fiscal year-end 2020 is:
| Understated | ||
| Overstated | ||
| No Effect |
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