Answer:
False
Explanation:
The change in inventory balance in a period is usually due to purchases and sales. The period opening and closing balances are connected as such;
Opening balance + purchases - cost of goods sold = ending balance
Hence overstating the ending balance results in an understatement of cost of goods sold thereby resulting in an overstatement of net income and retained earning.
The retained earnings is a component of the stockholder's equity hence it is overstated as well. Inventory is an asset, so overstating it is equivalent to overstating the assets balance.
2 donor donated a nonprofit of cash in 65k in June
Answer:
Study objects, conduct tests, research written materials, and ask questions
It really depends on how old they are depending on how old they are I would add them to the 504 plan. Which would be for older people for retirement.
No. Day trading refers to trading positions that are opened and closed the same day.
