Question: Question 8 An error in calculating ending inventory in the current year has no effect on retained earnings in the current year or next year.

Question 8 An error in calculating ending inventory in the current year has no effect on retained earnings in the current year or next year. True False Moving to another question will cuth Question 9 1 points Save Answa On June 1, 2020, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2021. Expenditures on the project were as follows is in millions July 1, 2020 October 1.2020 February 1, 2021 April 1.2021 21 September 1, 2021 October 1. 2021 5 Only 1 2020Crocus obtaineda somon construction with a nterstate Than outstanding the o ther actober 2011 The company's only other interest bearin debt wasong term note $100 m an with anntette of Thote was outstanding during of 20 and 2021. The company's fiscal yearende 31 What is the amount of interest that Crocus should capital e in 2020, using the specificnterest method? 52.96 millon 51.90 million 51.95 million None of these answer cholces are correct Moving to another question will save this response
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