A company understated its ending inventory in Year 1 by $25,000 and also overstated its ending inventory in Year 2 by $30,000. Neither error was discovered until Year 3. As a result, of these two errors, retained earning for Year 2 was:
Multiple Choice
a. Overstated by $5,000.
b. Understated by $45,000.
c. Understated by $20,000.
d. Overstated by $25,000.

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?

Explain the relationship between consumers and producers in economic growth and activity

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?