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On December 31,Year 1,Owings Corporation Overstates the Ending Inventory by $5,000.How

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On December 31,Year 1,Owings Corporation overstates the ending inventory by $5,000.How will this affect the amount of retained earnings shown on the balance sheet at December 31,Year 2?


Definitions:

Emotional Expressions

The way emotions are outwardly displayed and communicated to others through facial expressions, voice pitch, body language, and other behaviors.

Darwin

Charles Darwin, a 19th-century naturalist, geologist, and biologist known for his theory of evolution through natural selection.

Embodied Behavior

Theory that the movements we make and the movements we perceive in others are central to communication with others.

Mental Flexibility

The cognitive ability to adjust one's thinking or strategy in response to new information, demands, or changed conditions.

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