Acompany uses the periodic inventory method. beginning inventory is understated by $10,000 because the prior’s year’s ending inventory was understated by $10,000. the company’s ending inventory for this period is correct. the current period’s gross profit is and this year’s ending retained earnings is .

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker