Powell company had the following errors over the last two years: 2016: ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,000. 2017: ending inventory was understated by $5,000 while depreciation expense was understated by $4,000. by how much should retained earnings be adjusted on january 1, 2018? (ignore taxes)

Personal financial planning is the process of creating and achieving financial goals? true or false

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?