During december 20x0, nile co. incurred special insurance costs but did not record these costs until payment was made during 20x1. these insurance costs related to inventory that had been sold by december 31, 20x0. what is the effect of the omission on nile's accrued liabilities and retained earnings at december 31, 20x0

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a: