Using the Table Below,indicate the Impact of the Following Errors

question 1

Essay

Using the table below,indicate the impact of the following errors made during the adjusting entry process.Use a "+" for overstatements,a "-" for understatements,and a "0" for no effect.The first one is provided as an example.

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Definitions:

Equity Method

The equity method is an accounting technique used to record investments in associate companies, where the investment is initially recognized and subsequently adjusted for the investor's share of the net profits or losses of the investee.

Intra-entity Transactions

Financial transactions that occur within the same legal entity, or between divisions within a single company.

Policy-making Process

A systematic series of actions taken to formulate, adopt, and implement policies within a governmental or organizational context.

Technological Dependency

Reliance on technology to perform daily activities or business operations, which can increase vulnerability to technological failures or cyber threats.