If a company overstates its ending inventory balance for 2015 by $10,000, and understates its ending inventory balance for 2014 by $5,000 what are the effects on its net income for 2015 and 2014? 
Definitions:
Equity
Fairness or justice in the way people are treated within the economy, often relating to the distribution of wealth.
Efficiency
The ability to maximize output with a given set of inputs, or to minimize inputs used for producing a given output.
Personal Income Taxes
Taxes levied on the income of individuals, affecting personal earnings.
Dividends Shareholders
Profits distributed to shareholders of a corporation, typically in the form of cash payments or additional shares of stock.
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