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Prepare a corrected retained earnings statement leclair

(Retained Earnings Statement, Prior Period Adjustment) Below is the retained earnings account for the year 2004 for LeClair Corp.

(a) Prepare a corrected retained earnings statement. LeClair Corp. normally sells investments of the type mentioned above.

(b) State where the items that do not appear in the corrected retained earnings statement should beshown.

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Accounting Basics: Prepare a corrected retained earnings statement leclair

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