What is the effect of a $50,000 overstatement of last year's inventory on current years ending retained earning balance? a. understated by $50,000.b. no effect. c. overstated by $50,000.d. need more information to determine.

Answerstructural and frictional unemployment;

Competitive intelligence activities occur so that a company can use information about a competitor's new products to  develop superior marketing strategies for its own products.  when talking about  competitive intelligence, an easy way to  remember  these terms are to know your  enemy. when having  competitive intelligence it's allowing information you find out about other companies and how they run their company, the risks they have come in contact with and  opportunities they  haven't taken and figure out how to use them to your advantage. always be  smarter than your  competition. 

Answerfor proper financial record keeping for public companies and penalties of as much as 25 yrs in prison for noncompliance;