Business, 05.05.2020 16:27 Yellowjacket3166

2019: Ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,000. 2020: Ending inventory was understated by $5,000 while depreciation expense was understated by $4,000. By how much should retained earnings be adjusted on January 1, 2021?

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2019: Ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,00...

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