John will correctly answer 9 out of 10 addition 
-Describe the types of errors John made.
Definitions:
Proportionately Adjusted Balance Sheet
A balance sheet method that adjusts the assets, liabilities, and equity based on a company's percentage ownership in other entities.
Contractual Agreement
A contractual agreement is a legally binding contract between two or more parties, outlining the terms and conditions of an arrangement.
Equity Method
An accounting technique used by firms to assess the profits earned by their investments in other companies.
Unrealized Gains and Losses
Increases or decreases in the value of investments that have not been sold, thus not yet resulting in actual profit or loss.
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Q79: Describe the types of errors John made.
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