help 4

you are the controller of a medium-sized , publicly held telecommunication company . the year has not been good and inflation has hit the telecommunication industry . the industry saw an avarage price increase of 10% , while the rest of the economy had inflation of 3% . On-Call, the company you work for , is confident that the rest of the economy will catch up to the infliation of the telecommunications industry within the next two years .

how should inflation impact the balance sheet and income statement of On-Call in the current year ??

Moving to another question will save this response (Question tott Question 7 points You are the controler of a medium-sized publicly hold telecommunication company. The year has not been good, and inflation has the floommunications The industry an average price increase of 10%, while the rest of the economy had inflation of 3% On-Call the compaw you work for is confident that the rest of the economy will ich to the inflation of the telecommunications industry within the two years How should inflation impact the balance sheet and income statement of On-Call in the current year? For the toolbar, bress ALT-F10 (PC) O ALTEN:F10(Mac B TVS Paragraph Anal 10pt :v I. + 7 32 1 +] 9 19 BB 6.EE XX E. ES 3 E9 | (:)