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Leslie Ltd has found an error in its revenue account: an invoice for $3000 was recorded as revenue in 2015 when it should have been recorded in 2016.The company's income tax rate is 40 per cent and there was no corresponding error in cost of goods sold.
-Assuming that the dividend is unchanged,what is the effect of the error on retained profits at end of 2015?
Physical Disability
A limitation on a person’s physical functioning, mobility, dexterity or stamina.
Intelligence Quotient
A numerical measure of a person's cognitive abilities in relation to their age group.
Mental Age
A measure of an individual's cognitive ability expressed as the age at which an average person reaches the same level of mental capacity.
Chronological Age
The amount of time that has passed since an individual's birth, typically measured in years.
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