Albert company discovers in 2017 that its ending inventory at december 31, 2016, was $5,000 understated. what effect will this error have on:

The error will make the net profit at 31 December, 2016 to be understated while a net loss at the same date will be overstated.

Explanation:

The issue is that a higher closing inventory lead to a higher profit while a lower closing inventory will lead to a lower profit.

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answerblank(1); fixed interval; blank(2) fixed ratio;