The safest you can be is with rubber gloves let be serious little kids put in battery ok back to question, dont go near water or hot places make sure power off
Answer:
-$27,800
Explanation:
When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated
. When an expense is overstated, the net income is understated and so is the retained earnings.
The net overstatement of inventory across the two periods
= $58,500 - $10,500
= $48,000
The net overstatement of depreciation across the two periods
= $24,800 - $4,600
= $20,200
Adjustments to retained earnings
= - $48,000 + $20,200
= -$27,800
There is an inflationary gap
I hope that helped
Answered:who do you work for
Explanation:
-Address with formal name
-Times New Roman font
-End letter with
-no longer than three paragraphs
- use block format