Buckeye Corporation hired Wolverine Inventory Counters to he…
Buckeye Corporation hired Wolverine Inventory Counters to help them count ending inventory in the warehouse on December 31, 2021. Wolverine was distracted when they were performing their count and understated ending inventory by $15,000. Buckeye hired Badger Inventory Counters on December 31, 2022 and inventory was counted correctly. What is the impact on retained earnings of Buckeye Corporation for the year ended December 31, 2022?
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