Homework answers / question archive / Lina Corporation reports the following information : Correction of overstatement of depreciation expense in prior years , before tax $ 500,000 Dividends declared 230,000 1/1 Retained earnings as reported 2,500,000 31/12 Retained earnings 4,000,0000 Tax rate 20 % Lina should report income before income tax expenses for 2019 of:

Lina Corporation reports the following information : Correction of overstatement of depreciation expense in prior years , before tax $ 500,000 Dividends declared 230,000 1/1 Retained earnings as reported 2,500,000 31/12 Retained earnings 4,000,0000 Tax rate 20 % Lina should report income before income tax expenses for 2019 of:

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Lina Corporation reports the following information :

Correction of overstatement of depreciation expense in prior years , before tax $ 500,000

Dividends declared 230,000

1/1 Retained earnings as reported 2,500,000

31/12 Retained earnings 4,000,0000

Tax rate 20 %

Lina should report income before income tax expenses for 2019 of: