Aaron Company uses the periodic inventory cost flow method. If Aaron's ending inventory is understated due to an accounting error, what is the effect on net income and the ending balance of retained earnings? 
Definitions:
Cultural Symbols
Objects, figures, or colors that represent specific ideas or concepts within a culture.
National Anthem
A National Anthem is a patriotic musical composition that symbolizes and expresses the history, traditions, and struggles of a country's people.
Teddy Bears
Plush toys resembling bears, often used as comfort objects by children and sometimes collected by adults, symbolizing love and security.
Conflict Theorists
Scholars and thinkers who analyze social issues and structures through the lens of conflict and power struggles among different groups within society.
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