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? 
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Cultural Significance
Refers to the importance of an object, site, tradition, or practice as it pertains to a particular culture’s values, belief systems, and identity.
Social Order
The organized and patterned relationships among individuals and groups within a society, governed by laws, norms, and cultural expectations.
Catholic Church
The Catholic Church is a global religious institution that follows the teachings of Jesus Christ, grounded in the tradition of Roman Catholicism and led by the Pope in Vatican City.
New World
A term historically used to refer to the Americas, representing lands in the Western Hemisphere discovered by European explorers, contrasting with the Old World (Europe, Asia, and Africa).
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