Business
Business, 25.12.2019 02:31, 3300

Powell company had the following errors over the last two years: 2016: ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,000. 2017: 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, 2018? (ignore taxes)

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Powell company had the following errors over the last two years: 2016: ending inventory was overst...

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