Assume that the cole designs inc. financial statements in the unadjusted financial statements panel were prepared from the unadjusted trial balance and the financial statements in the adjusted financial statements panel were prepared from the adjusted trial balance. for the following financial statement items, indicate if the item was overstated, understated or neither in the financial statements prepared using the unadjusted trial balance.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.