Fleer, Inc. is a calendar-year corporation whose financial statements for 2018 and 2019 included errors as follows: Year Ending Inventory Depreciation Expense 2018 $54,000 overstated $45,000 overstated 2019 18,000 understated 15,000 understated Assume that purchases were recorded correctly and that no correcting entries were made at December 31, 2018, or at December 31, 2019. Ignoring income taxes, by how much should Fleer's retained earnings be retroactively adjusted at January 1, 2020

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?

Which factor determines who a society will produce goods and services for?