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Business, 17.07.2019 04:20 PrincessAlaia01

Powell company had the following errors over the last two years: 2016: ending inventory was overstated by $31,500 while depreciation expense was overstated by $24,300. 2017: ending inventory was understated by $12,000 while depreciation expense was understated by $6,800. by how much should retained earnings be adjusted on january 1, 2018? (ignore taxes)

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Powell company had the following errors over the last two years: 2016: ending inventory was overst...
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