Use the following information for questions
-Assuming that none of the errors was detected or corrected, by what amount will retained earnings at December 31, 2011 be overstated or understated?
Definitions:
Persuasive Impact
The effect of communication or argumentation in convincing or influencing others to change their beliefs, attitudes, or behaviors.
Dependent Variable
In an experimental study, it is the variable being tested and measured, expected to change as a result of manipulations to the independent variable.
Independent Variable
A variable in an experiment that is manipulated or changed by the researcher to study its effects on the dependent variable.
Extraneous Variable
A variable that is not of interest in a study but may affect the outcome of the experiment if not controlled.
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