For the year ended, December 31, 2012, the Acme Chemical Company omitted the following adjusting journal entries in error. For each entry, indicate if net income will be overstated or understated by placing an "X" in the appropriate box.
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WIPO
The World Intellectual Property Organization, an international organization dedicated to promoting the protection and use of intellectual property across the world.
International Healthcare
The comparison, provision, and management of health services in a global context, including medical tourism and global health initiatives.
Patent
A grant from the government that gives an inventor the exclusive right to make, use, and sell an invention for a period set by Congress.
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