If a company overstates its ending inventory balance for 2015 by $10,000, and overstates its ending inventory balance for 2014 by $5,000 what are the effects on its net income for 2015 and 2014? 
Definitions:
Zygote
The new cell formed by the process of fertilization.
Fertilization
The process by which a sperm and an ovum —the male and female gametes, respectively—join to form a single new cell.
Gamete
A mature haploid male or female germ cell which is able to unite with another of the opposite sex in sexual reproduction to form a zygote.
Chromosome
A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.
Q41: Explain the distinction between a note receivable
Q53: The cost of goods sold is<br>A) Purchases
Q56: Refer to the consolidated statements of income
Q83: A check drawn by a company for
Q133: The amount of cash the maker is
Q147: Read the information for Parachute Country Club.
Q161: Service charge on the May bank statement
Q163: The following accounts are listed in a
Q179: Under the inventory system, the inventory account
Q191: The understatement of ending inventories in one