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
It is a false statement that a debit is always a negative entry under the double-entry system of accounting,
<h3>What is the double-entry system?</h3>
In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.
Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.
Read more about double-entry system
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The answer to this question is letter e, they have legitimacy and can exert power. For the secondary stake holders in business are also considered to be important for they have the ability to control those around them in the are of business as they hold a power in which they could use to control them. Another factor is that they are valid and vital in the area of business to keep it from going.
<span>The hospital could adapt </span>an enterprise process so that the kitchen staff is more efficient and doesn't waste food on patients who have already been discharged .
The enterprise process is type of process model which provides high-level-view and describes the full end‐to‐end activity <span>needed to create the service or product of the process. </span>
All of the states participated
