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If a Company Overstates Its Ending Inventory Balance for 2015

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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? 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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A state in the Pacific Northwest region of the United States, known for its large forest areas, the Cascade Range, and being the home of the city of Seattle.

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Electronic devices designed to receive and display broadcasts of moving images along with sound, creating a visual entertainment medium.

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